Hycroft Mining Holding Co. (NASDAQ:HYMC – Get Rating) was the recipient of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 10,700,000 shares, an increase of 5.7% from the December 15th total of 10,120,000 shares. Based on an average daily trading volume, of 2,320,000 shares, the short-interest ratio is currently 4.6 days.
Insider Activity at Hycroft Mining
In other Hycroft Mining news, major shareholder Mudrick Capital Management, L. sold 620,033 shares of the firm's stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $0.66, for a total value of $409,221.78. Following the completion of the sale, the insider now owns 22,011,216 shares of the company's stock, valued at $14,527,402.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 4,424,168 shares of company stock worth $2,697,128 in the last three months. Insiders own 0.22% of the company's stock.
Get Hycroft Mining alerts:Hedge Funds Weigh In On Hycroft Mining
A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised 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 period. State Street Corp raised its stake in shares of Hycroft Mining by 1.0% in the 3rd quarter. State Street Corp now owns 2,623,312 shares of the company's stock valued at $1,586,000 after acquiring an additional 27,035 shares during the period. Northern Trust Corp raised its stake in shares of Hycroft Mining by 1,771.2% in the 2nd quarter. Northern Trust Corp now owns 1,240,532 shares of the company's stock valued at $1,377,000 after acquiring an additional 1,174,235 shares during the period. LPL Financial LLC raised its stake in shares of Hycroft Mining by 181.7% in the 2nd quarter. LPL Financial LLC now owns 563,256 shares of the company's stock valued at $625,000 after acquiring an additional 363,275 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Hycroft Mining by 8.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 451,441 shares of the company's stock worth $273,000 after buying an additional 36,372 shares during the period. Hedge funds and other institutional investors own 32.07% of the company's stock.
Hycroft Mining Stock Performance
Shares of HYMC opened at $0.62 on Wednesday. Hycroft Mining has a 1 year low of $0.28 and a 1 year high of $3.10. The company's 50 day simple moving average is $0.62 and its 200 day simple moving average is $0.74. The company has a market capitalization of $124.60 million, a price-to-earnings ratio of -0.53 and a beta of 1.91. The company has a debt-to-equity ratio of 1.87, a quick ratio of 9.24 and a current ratio of 9.94.Hycroft Mining (NASDAQ:HYMC – Get Rating) last announced its earnings results on Tuesday, November 1st. The company reported ($0.08) earnings per share (EPS) for the quarter. Hycroft Mining had a negative return on equity of 192.29% and a negative net margin of 205.63%. The firm had revenue of $8.76 million for the quarter.
About Hycroft Mining
(Get Rating)
Hycroft Mining Holding Corp. engages in the exploration, mining, and development of gold and silver properties. The company was founded on August 28, 2017 and is headquartered in Winnemucca, NV.
Read More
- Get a free copy of the StockNews.com research report on Hycroft Mining (HYMC)
- Qualcomm Gets a Boost from Analysts, but is it Time to Buy?
- EVgo Stock is Charged Up to Ride the EV Adoption Wave
- High-Yield, Deep-Value Verizon Puts In A Bottom
- Can Coty Stock Emerge in 2023 With Upside
- Should You Bet Against The Nasdaq 100 With This Inverse ETF?
Receive News & Ratings for Hycroft Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hycroft Mining and related companies with MarketBeat.com's FREE daily email newsletter.