Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Sees Large Decline in Short Interest
by Renee Jackson · The Cerbat GemHydrofarm Holdings Group, Inc. (NASDAQ:HYFM – Get Free Report) was the recipient of a large drop in short interest in the month of 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 days-to-cover ratio is currently 0.6 days. Approximately 0.7% of the company’s stock are short sold.
Institutional Trading of Hydrofarm Holdings Group
A number of hedge funds and other institutional investors have recently modified their holdings of HYFM. DRW Securities LLC increased its position in shares of Hydrofarm Holdings Group by 261.4% in the fourth quarter. DRW Securities LLC now owns 38,840 shares of the company’s stock valued at $59,000 after acquiring an additional 28,093 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Hydrofarm Holdings Group in the fourth quarter valued at about $34,000. Finally, Citadel Advisors LLC acquired a new position in Hydrofarm Holdings Group during the third quarter worth approximately $59,000. Institutional investors and hedge funds own 26.61% of the company’s stock.
Hydrofarm Holdings Group Stock Up 10.9%
Shares of NASDAQ:HYFM traded up $0.09 during midday trading on Monday, reaching $0.88. The company had a trading volume of 28,308 shares, compared to its average volume of 41,543. The company has a quick ratio of 0.13, a current ratio of 0.37 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average price is $1.21 and its 200 day moving average price is $1.82. The stock has a market cap of $4.17 million, a PE ratio of -0.01 and a beta of 2.48. Hydrofarm Holdings Group has a 1-year low of $0.79 and a 1-year high of $4.78.
Hydrofarm Holdings Group (NASDAQ:HYFM – Get Free Report) last released its earnings results on Friday, March 27th. The company reported ($51.89) earnings per share (EPS) for the quarter. The company had revenue of $25.12 million during the quarter. Hydrofarm Holdings Group had a negative net margin of 215.85% and a negative return on equity of 222.94%. Research analysts forecast that Hydrofarm Holdings Group will post -13.3 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Read Our Latest Research Report on HYFM
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.