Harmony Gold Mining Company Limited (NYSE:HMY) Short Interest Update

Harmony Gold Mining Company Limited (NYSE:HMY) saw a significant decline in short interest in August. As of August 15th, there was short interest totalling 5,070,000 shares, a decline of 5.1% from the July 31st total of 5,340,000 shares. Based on an average daily trading volume, of 3,200,000 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On Harmony Gold Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HMY. Van ECK Associates Corp raised its holdings in Harmony Gold Mining by 0.3% in the first quarter. Van ECK Associates Corp now owns 58,627,033 shares of the mining company’s stock valued at $240,371,000 after acquiring an additional 168,513 shares in the last quarter. Exor Capital LLP lifted its stake in Harmony Gold Mining by 11.5% during the fourth quarter. Exor Capital LLP now owns 29,744,388 shares of the mining company’s stock worth $119,549,000 after purchasing an additional 3,079,485 shares during the last quarter. Kopernik Global Investors LLC boosted its holdings in Harmony Gold Mining by 1.2% in the first quarter. Kopernik Global Investors LLC now owns 17,459,280 shares of the mining company’s stock valued at $71,583,000 after purchasing an additional 213,920 shares in the last quarter. Polunin Capital Partners Ltd raised its stake in Harmony Gold Mining by 19.4% during the 4th quarter. Polunin Capital Partners Ltd now owns 10,624,626 shares of the mining company’s stock worth $36,123,000 after acquiring an additional 1,728,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Harmony Gold Mining by 16.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,880,911 shares of the mining company’s stock worth $39,649,000 after buying an additional 1,103,023 shares during the period. Hedge funds and other institutional investors own 28.33% of the company’s stock.

Harmony Gold Mining Stock Performance

Shares of HMY opened at $4.17 on Thursday. Harmony Gold Mining has a 52-week low of $1.93 and a 52-week high of $5.43. The firm’s fifty day moving average is $4.11 and its two-hundred day moving average is $4.17. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 0.22.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Harmony Gold Mining in a research report on Thursday, August 17th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

About Harmony Gold Mining

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company also explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.