Short Interest in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Grows By 81.5%

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 486,825 shares, an increase of 81.5% from the August 15th total of 268,168 shares. Based on an average daily trading volume, of 156,021 shares, the days-to-cover ratio is presently 3.1 days. Approximately 12.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Hydrofarm Holdings Group stock. BlackRock Inc. acquired a new stake in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) in the second quarter, according to its most recent filing with the SEC. The fund acquired 50,465 shares of the company’s stock, valued at approximately $43,000. BlackRock Inc. owned approximately 1.06% of Hydrofarm Holdings Group at the end of the most recent quarter. Institutional investors own 26.61% of the company’s stock.

Hydrofarm Holdings Group Price Performance

Shares of NASDAQ HYFM traded up $0.03 during mid-day trading on Thursday, reaching $0.95. 25,476 shares of the company’s stock traded hands, compared to its average volume of 961,682. The business has a 50-day simple moving average of $1.03 and a 200 day simple moving average of $1.01. The stock has a market cap of $4.52 million, a P/E ratio of -0.02 and a beta of 2.43. Hydrofarm Holdings Group has a 1-year low of $0.50 and a 1-year high of $3.69.

Hydrofarm Holdings Group (NASDAQ:HYFM) last announced its earnings results on Friday, August 14th. The company reported ($2.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.89) by ($1.34). The company had revenue of $23.21 million for the quarter, compared to analysts’ expectations of $58.20 million. Hydrofarm Holdings Group had a negative net margin of 267.20% and a negative return on equity of 500.33%.

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.