Hochschild Mining PLC (OTCMKTS:HCHDF) Sees Large Decline in Short Interest

Hochschild Mining PLC (OTCMKTS:HCHDF) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 12,107 shares, a drop of 75.5% from the August 15th total of 49,447 shares. Based on an average trading volume of 16,019 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

A number of research firms recently weighed in on HCHDF. Berenberg Bank upgraded shares of Hochschild Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Barclays restated an “overweight” rating on shares of Hochschild Mining in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group began coverage on Hochschild Mining in a research note on Monday, August 3rd. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Hochschild Mining Stock Up 0.3%

Shares of OTCMKTS HCHDF traded up $0.02 during mid-day trading on Friday, hitting $8.28. 2,739 shares of the stock traded hands, compared to its average volume of 5,347. The company has a current ratio of 0.99, a quick ratio of 0.80 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average price of $7.15 and a 200-day moving average price of $7.82. Hochschild Mining has a 52 week low of $3.99 and a 52 week high of $11.23.

About Hochschild Mining

Hochschild Mining plc is a precious-metals mining company focused on the exploration, development and operation of underground and open-pit mines. The company primarily produces silver and gold, with activities spanning the full mining cycle, including geological exploration, mine development, extraction, processing and the sale of metal concentrates and doré.

Founded in 1911, Hochschild has historically maintained a strong presence in Latin America. Its operations and development portfolio have included assets in Peru, Argentina and Brazil.