Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Short Interest Down 33.9% in February

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 93,700 shares, a decrease of 33.9% from the February 13th total of 141,800 shares. Based on an average daily volume of 18,800 shares, the days-to-cover ratio is presently 5.0 days. Approximately 2.6% of the company’s shares are short sold.

Hydrofarm Holdings Group Trading Down 0.9 %

NASDAQ:HYFM traded down $0.03 during midday trading on Friday, hitting $3.42. The stock had a trading volume of 22,829 shares, compared to its average volume of 21,152. Hydrofarm Holdings Group has a one year low of $3.19 and a one year high of $12.00. The company has a market capitalization of $15.78 million, a price-to-earnings ratio of -0.24 and a beta of 2.02. The stock has a 50-day moving average of $5.59 and a 200 day moving average of $6.15. The company has a quick ratio of 1.41, a current ratio of 3.24 and a debt-to-equity ratio of 0.51.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HYFM. Cannell Capital LLC grew its stake in Hydrofarm Holdings Group by 17.3% in the fourth quarter. Cannell Capital LLC now owns 451,372 shares of the company’s stock worth $262,000 after purchasing an additional 66,619 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Hydrofarm Holdings Group during the 4th quarter valued at $33,000. Renaissance Technologies LLC boosted its position in Hydrofarm Holdings Group by 4.8% during the 4th quarter. Renaissance Technologies LLC now owns 789,970 shares of the company’s stock valued at $458,000 after acquiring an additional 36,370 shares in the last quarter. Geode Capital Management LLC boosted its position in Hydrofarm Holdings Group by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 475,634 shares of the company’s stock valued at $328,000 after acquiring an additional 26,350 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Hydrofarm Holdings Group by 82.2% during the 3rd quarter. Jane Street Group LLC now owns 45,115 shares of the company’s stock valued at $31,000 after acquiring an additional 20,357 shares in the last quarter. Institutional investors own 26.61% of the company’s stock.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc, together with its subsidiaries, manufactures and distributes controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company provides agricultural lighting devices, indoor climate control equipment, and nutrients, as well as plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment.