Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Short Interest Up 276.5% in August

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 268,168 shares, an increase of 276.5% from the July 30th total of 71,218 shares. Based on an average daily volume of 15,685,994 shares, the short-interest ratio is presently 0.0 days. Approximately 6.6% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Hydrofarm Holdings Group currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HYFM. BlackRock Inc. purchased a new position in Hydrofarm Holdings Group during the 2nd quarter valued at about $43,000. DRW Securities LLC boosted its stake in Hydrofarm Holdings Group by 261.4% during the fourth quarter. DRW Securities LLC now owns 38,840 shares of the company’s stock worth $59,000 after acquiring an additional 28,093 shares in the last quarter. Jane Street Group LLC purchased a new stake in Hydrofarm Holdings Group in the fourth quarter worth about $34,000. Finally, Citadel Advisors LLC purchased a new stake in Hydrofarm Holdings Group in the third quarter worth about $59,000. 26.61% of the stock is currently owned by institutional investors.

Hydrofarm Holdings Group Stock Down 5.9%

NASDAQ HYFM opened at $0.84 on Friday. Hydrofarm Holdings Group has a twelve month low of $0.50 and a twelve month high of $4.76. The firm has a market capitalization of $3.99 million, a PE ratio of -0.01 and a beta of 2.35. The stock’s 50 day moving average is $1.00 and its 200 day moving average is $1.05.

Hydrofarm Holdings Group (NASDAQ:HYFM) last posted its quarterly earnings data on Friday, August 14th. The company reported ($2.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.89) by ($1.34). The firm had revenue of $23.21 million during the quarter, compared to the consensus estimate of $58.20 million. Hydrofarm Holdings Group had a negative return on equity of 500.33% and a negative net margin of 267.20%.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc provides a comprehensive portfolio of products and services for controlled environment agriculture (CEA) and indoor gardening. The company’s offerings include horticultural lighting systems, environmental controls, nutrient and irrigation solutions, growing media, and greenhouse and nursery equipment. These products are designed to support commercial growers, research institutions, and home gardening enthusiasts by optimizing plant growth and resource efficiency in indoor and greenhouse environments.

Founded in 1977 and headquartered in Fairless Hills, Pennsylvania, Hydrofarm has grown through a combination of product innovation and strategic acquisitions.