Short Interest in Harmony Gold Mining Company Limited (NYSE:HMY) Rises By 5.3%

Harmony Gold Mining Company Limited (NYSE:HMY) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 9,610,000 shares, an increase of 5.3% from the August 31st total of 9,130,000 shares. Based on an average daily trading volume, of 4,350,000 shares, the days-to-cover ratio is presently 2.2 days.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price objective on Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating on the stock in a report on Wednesday, July 3rd.

Harmony Gold Mining Trading Up 6.6 %

Shares of HMY traded up $0.67 during trading hours on Tuesday, reaching $10.84. The stock had a trading volume of 3,566,132 shares, compared to its average volume of 4,928,865. The company has a market cap of $6.86 billion, a P/E ratio of 9.25 and a beta of 1.78. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. Harmony Gold Mining has a 52 week low of $3.51 and a 52 week high of $11.37. The firm has a 50-day moving average of $9.77 and a 200 day moving average of $9.24.

Harmony Gold Mining Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Monday, October 21st. Investors of record on Friday, October 11th will be paid a $0.042 dividend. This represents a yield of 1.2%. The ex-dividend date is Friday, October 11th. Harmony Gold Mining’s payout ratio is presently 6.84%.

Hedge Funds Weigh In On Harmony Gold Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC acquired a new position in Harmony Gold Mining in the 2nd quarter worth $41,000. St. Johns Investment Management Company LLC acquired a new position in Harmony Gold Mining in the 1st quarter worth $52,000. GAMMA Investing LLC boosted its stake in Harmony Gold Mining by 29.2% in the 1st quarter. GAMMA Investing LLC now owns 6,622 shares of the mining company’s stock worth $54,000 after purchasing an additional 1,496 shares during the period. Atlas Capital Advisors LLC acquired a new position in Harmony Gold Mining in the 1st quarter worth $61,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Harmony Gold Mining during the 1st quarter worth about $77,000. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company 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.