Harmony Gold Mining Company Limited (NYSE:HMY) Sees Significant Increase in Short Interest

by · The Markets Daily

Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 9,460,000 shares, a growth of 12.5% from the November 30th total of 8,410,000 shares. Based on an average daily trading volume, of 4,420,000 shares, the days-to-cover ratio is currently 2.1 days.

Harmony Gold Mining Stock Performance

NYSE HMY traded up $0.07 during trading on Wednesday, hitting $8.21. 3,123,340 shares of the company’s stock traded hands, compared to its average volume of 4,820,089. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 5.91, a PEG ratio of 0.46 and a beta of 1.72. Harmony Gold Mining has a 12-month low of $5.40 and a 12-month high of $12.29. The business has a 50 day moving average of $9.43 and a 200-day moving average of $9.66.

Institutional Trading of Harmony Gold Mining

Several hedge funds and other institutional investors have recently modified their holdings of HMY. Hara Capital LLC bought a new stake in Harmony Gold Mining during the 3rd quarter valued at $38,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Harmony Gold Mining in the second quarter valued at $41,000. Wallace Advisory Group LLC bought a new stake in shares of Harmony Gold Mining during the 2nd quarter valued at $94,000. International Assets Investment Management LLC purchased a new stake in Harmony Gold Mining during the 3rd quarter worth about $1,035,000. Finally, Ground Swell Capital LLC bought a new position in Harmony Gold Mining in the 3rd quarter worth about $115,000. Institutional investors own 31.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Bank of America began coverage on shares of Harmony Gold Mining in a research note on Monday, October 21st. They set a “neutral” rating for the company. Finally, StockNews.com downgraded Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th.

View Our Latest Research Report on Harmony Gold Mining

About Harmony Gold Mining

(Get Free Report)

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.

See Also