Hycroft Mining Holding Co. (NASDAQ:HYMC – Get Rating) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 10,670,000 shares, a growth of 6.2% from the February 13th total of 10,050,000 shares. Based on an average daily volume of 2,760,000 shares, the short-interest ratio is currently 3.9 days.
Insider Buying and Selling
In related news, major shareholder Mudrick Capital Management, L. sold 155,557 shares of the stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $0.57, for a total transaction of $88,667.49. Following the sale, the insider now owns 15,992,975 shares of the company's stock, valued at approximately $9,115,995.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 2,879,543 shares of company stock valued at $1,702,654. Corporate insiders own 0.22% of the company's stock.
Get Hycroft Mining alerts:Institutional Trading of Hycroft Mining
A number of institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its holdings in shares of Hycroft Mining by 81.7% in the 4th quarter. Jane Street Group LLC now owns 87,223 shares of the company's stock valued at $46,000 after acquiring an additional 39,206 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of Hycroft Mining by 383.8% in the 4th quarter. Virtu Financial LLC now owns 222,321 shares of the company's stock valued at $118,000 after acquiring an additional 176,370 shares in the last quarter. Shay Capital LLC raised its holdings in shares of Hycroft Mining by 19.2% in the 4th quarter. Shay Capital LLC now owns 250,847 shares of the company's stock valued at $133,000 after acquiring an additional 40,332 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Hycroft Mining by 440.7% in the 4th quarter. Millennium Management LLC now owns 652,936 shares of the company's stock valued at $347,000 after acquiring an additional 532,175 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Hycroft Mining by 139.1% in the 4th quarter. Morgan Stanley now owns 335,490 shares of the company's stock valued at $179,000 after acquiring an additional 195,186 shares in the last quarter. Hedge funds and other institutional investors own 32.07% of the company's stock.
Hycroft Mining Trading Down 2.0 %
Shares of HYMC opened at $0.35 on Friday. The stock's 50-day simple moving average is $0.51 and its 200 day simple moving average is $0.60. The company has a debt-to-equity ratio of 1.87, a current ratio of 9.94 and a quick ratio of 9.24. Hycroft Mining has a 52-week low of $0.31 and a 52-week high of $3.10.
Hycroft Mining Company Profile
(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.
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