Hycroft Mining Holding Corporation (NASDAQ:HYMC) Short Interest Up 25.9% in March

Hycroft Mining Holding Corporation (NASDAQ:HYMC) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 9,486,957 shares, an increase of 25.9% from the March 15th total of 7,537,437 shares. Approximately 10.6% of the shares of the stock are short sold. Based on an average daily volume of 4,132,793 shares, the days-to-cover ratio is presently 2.3 days.

Insiders Place Their Bets

In other Hycroft Mining news, SVP Rebecca Jennings sold 9,071 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $39.33, for a total transaction of $356,762.43. Following the sale, the senior vice president directly owned 215,794 shares in the company, valued at approximately $8,487,178.02. The trade was a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Eric Sprott bought 200,000 shares of the firm’s stock in a transaction on Thursday, April 9th. The shares were purchased at an average price of $38.67 per share, for a total transaction of $7,734,000.00. Following the completion of the transaction, the insider owned 37,303,704 shares of the company’s stock, valued at $1,442,534,233.68. This represents a 0.54% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 750,000 shares of company stock worth $32,993,500. 0.77% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hycroft Mining

Several institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC increased its stake in Hycroft Mining by 1.1% in the fourth quarter. Global Retirement Partners LLC now owns 42,075 shares of the company’s stock valued at $1,000,000 after purchasing an additional 475 shares during the last quarter. FNY Investment Advisers LLC increased its stake in Hycroft Mining by 1,666.7% in the fourth quarter. FNY Investment Advisers LLC now owns 1,060 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in Hycroft Mining in the fourth quarter valued at $52,000. Bank of America Corp DE increased its stake in Hycroft Mining by 166.6% in the third quarter. Bank of America Corp DE now owns 4,060 shares of the company’s stock valued at $25,000 after purchasing an additional 2,537 shares during the last quarter. Finally, Virtu Financial LLC increased its stake in Hycroft Mining by 20.3% in the third quarter. Virtu Financial LLC now owns 16,023 shares of the company’s stock valued at $99,000 after purchasing an additional 2,700 shares during the last quarter. 7.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Hycroft Mining in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hycroft Mining Stock Performance

Hycroft Mining stock traded up $3.45 during trading on Friday, hitting $44.17. The company’s stock had a trading volume of 2,824,393 shares, compared to its average volume of 2,808,568. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of -27.27 and a beta of 2.91. The stock’s fifty day moving average is $39.11 and its 200 day moving average is $25.71. Hycroft Mining has a 1-year low of $2.71 and a 1-year high of $58.73.

About Hycroft Mining

Hycroft Mining PLC is a precious metals company focused on the exploration, development and operation of the Hycroft Mine, a large oxide gold and silver deposit in northwestern Nevada. The company’s primary activities include open-pit mining, heap leach extraction and carbon adsorption/desorption processing designed to recover gold and silver from crushed ore. Hycroft’s technical team employs conventional mining methods and metallurgical processes to advance resource conversion and optimize recovery rates.

Located on approximately 28,800 hectares in Humboldt County, Nevada, the Hycroft Mine ranks among the largest undeveloped oxide gold-silver deposits in North America.