Hycroft Mining Holding Co. (NASDAQ:HYMC) Short Interest Update

Hycroft Mining Holding Co. (NASDAQ:HYMC) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,050,000 shares, a growth of 10.9% from the March 15th total of 946,900 shares. Based on an average trading volume of 281,000 shares, the short-interest ratio is presently 3.7 days. Currently, 6.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in shares of Hycroft Mining by 302.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,111,100 shares of the company’s stock valued at $3,453,000 after acquiring an additional 2,337,300 shares during the last quarter. Geode Capital Management LLC raised its position in Hycroft Mining by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 2,784,230 shares of the company’s stock worth $1,204,000 after purchasing an additional 45,848 shares during the last quarter. State Street Corp raised its position in Hycroft Mining by 1.0% during the 3rd quarter. State Street Corp now owns 2,623,312 shares of the company’s stock worth $1,586,000 after purchasing an additional 27,035 shares during the last quarter. Northern Trust Corp raised its position in Hycroft Mining by 1,771.2% during the 2nd quarter. Northern Trust Corp now owns 1,240,532 shares of the company’s stock worth $1,377,000 after purchasing an additional 1,174,235 shares during the last quarter. Finally, Millennium Management LLC raised its position in Hycroft Mining by 440.7% during the 4th quarter. Millennium Management LLC now owns 652,936 shares of the company’s stock worth $347,000 after purchasing an additional 532,175 shares during the last quarter. 7.38% of the stock is currently owned by institutional investors.

Hycroft Mining Stock Down 9.0 %

Shares of HYMC opened at $3.86 on Monday. Hycroft Mining has a 52 week low of $1.63 and a 52 week high of $5.78. The company has a current ratio of 9.67, a quick ratio of 9.51 and a debt-to-equity ratio of 11.27. The stock has a fifty day moving average of $2.38 and a 200-day moving average of $2.36.

About Hycroft Mining

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.