Short Interest in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Decreases By 47.9%

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 41,145 shares, a drop of 47.9% from the December 15th total of 79,002 shares. Based on an average daily trading volume, of 60,415 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.9% of the shares of the company are sold short. Currently, 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 60,415 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hydrofarm Holdings Group in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Trading of Hydrofarm Holdings Group

A hedge fund recently bought a new stake in Hydrofarm Holdings Group stock. Citadel Advisors LLC bought a new stake in shares of Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,079 shares of the company’s stock, valued at approximately $59,000. Citadel Advisors LLC owned approximately 0.39% of Hydrofarm Holdings Group as of its most recent SEC filing. Hedge funds and other institutional investors own 26.61% of the company’s stock.

Hydrofarm Holdings Group Stock Performance

Shares of HYFM traded down $0.04 during midday trading on Thursday, hitting $1.69. 27,824 shares of the stock traded hands, compared to its average volume of 49,044. The business’s 50 day moving average price is $1.82 and its two-hundred day moving average price is $3.01. The firm has a market capitalization of $7.87 million, a PE ratio of -0.12 and a beta of 2.32. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.81 and a current ratio of 2.08. Hydrofarm Holdings Group has a 1-year low of $1.45 and a 1-year high of $6.89.

Hydrofarm Holdings Group (NASDAQ:HYFM) last posted its earnings results on Wednesday, November 12th. The company reported ($3.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.09) by ($0.42). Hydrofarm Holdings Group had a negative net margin of 44.49% and a negative return on equity of 32.29%. The firm had revenue of $29.35 million for the quarter, compared to analyst estimates of $35.73 million. Equities research analysts predict that Hydrofarm Holdings Group will post -13.3 EPS for the current fiscal year.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc provides a comprehensive portfolio of products and services for controlled environment agriculture (CEA) and indoor gardening. The company’s offerings include horticultural lighting systems, environmental controls, nutrient and irrigation solutions, growing media, and greenhouse and nursery equipment. These products are designed to support commercial growers, research institutions, and home gardening enthusiasts by optimizing plant growth and resource efficiency in indoor and greenhouse environments.

Founded in 1977 and headquartered in Fairless Hills, Pennsylvania, Hydrofarm has grown through a combination of product innovation and strategic acquisitions.