Short Interest in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Decreases By 41.5%

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totaling 31,667 shares, a drop of 41.5% from the March 15th total of 54,114 shares. Based on an average daily volume of 55,908 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Hydrofarm Holdings Group has a consensus rating of “Sell”.

Hydrofarm Holdings Group Stock Down 3.1%

Shares of HYFM traded down $0.03 during trading hours on Wednesday, hitting $0.90. The company had a trading volume of 28,999 shares, compared to its average volume of 40,518. The stock has a market capitalization of $4.29 million, a price-to-earnings ratio of -0.01 and a beta of 2.48. The firm has a fifty day moving average price of $1.18 and a 200-day moving average price of $1.78. Hydrofarm Holdings Group has a 52-week low of $0.79 and a 52-week high of $4.78. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.13 and a current ratio of 0.37.

Hydrofarm Holdings Group (NASDAQ:HYFM) last announced its quarterly earnings data on Friday, March 27th. The company reported ($51.89) EPS for the quarter. The firm had revenue of $25.12 million for the quarter. Hydrofarm Holdings Group had a negative net margin of 215.85% and a negative return on equity of 222.94%. On average, equities research analysts forecast that Hydrofarm Holdings Group will post -13.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Hydrofarm Holdings Group

Several institutional investors and hedge funds have recently made changes to their positions in HYFM. Jane Street Group LLC purchased a new position in Hydrofarm Holdings Group in the 4th quarter worth approximately $34,000. DRW Securities LLC boosted its stake in Hydrofarm Holdings Group by 261.4% during the 4th quarter. DRW Securities LLC now owns 38,840 shares of the company’s stock valued at $59,000 after purchasing an additional 28,093 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Hydrofarm Holdings Group in the 3rd quarter worth $59,000. Institutional investors own 26.61% of the company’s stock.

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.