Short Interest in Hycroft Mining Holding Co. (NASDAQ:HYMC) Expands By 8.3%

Hycroft Mining Holding Co. (NASDAQ:HYMC) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 1,560,000 shares, a growth of 8.3% from the April 30th total of 1,440,000 shares. Currently, 8.6% of the company’s stock are sold short. Based on an average daily volume of 527,500 shares, the short-interest ratio is currently 3.0 days.

Hycroft Mining Trading Up 1.5 %

HYMC stock traded up $0.05 during trading hours on Monday, reaching $3.48. 224,578 shares of the stock were exchanged, compared to its average volume of 377,697. The firm’s 50-day moving average is $3.38 and its 200-day moving average is $2.59. Hycroft Mining has a 12 month low of $1.63 and a 12 month high of $4.99. The company has a debt-to-equity ratio of 11.27, a current ratio of 10.89 and a quick ratio of 10.60.

Hycroft Mining (NASDAQ:HYMC) last announced its earnings results on Monday, May 6th. The company reported ($1.00) earnings per share (EPS) for the quarter.

Insider Activity

In other Hycroft Mining news, CEO Diane R. Garrett sold 7,783 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $3.76, for a total transaction of $29,264.08. Following the sale, the chief executive officer now directly owns 203,262 shares in the company, valued at approximately $764,265.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 15,319 shares of company stock worth $53,387 in the last 90 days. Corporate insiders own 1.21% of the company’s stock.

Institutional Trading of Hycroft Mining

A hedge fund recently bought a new stake in Hycroft Mining stock. Avantax Advisory Services Inc. purchased a new position in shares of Hycroft Mining Holding Co. (NASDAQ:HYMC) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,000 shares of the company’s stock, valued at approximately $33,000. Avantax Advisory Services Inc. owned 0.07% of Hycroft Mining as of its most recent filing with the Securities & Exchange Commission. 7.38% of the stock is currently owned by institutional investors and hedge funds.

Hycroft Mining Company Profile

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.