Hycroft Mining Holding Co. (NASDAQ:HYMC – Get Rating) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 10,670,000 shares, an increase of 6.2% from the February 13th total of 10,050,000 shares. Based on an average trading volume of 2,760,000 shares, the short-interest ratio is currently 3.9 days.

Insider Activity

In other news, major shareholder Mudrick Capital Management, L. sold 242,734 shares of Hycroft Mining stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $0.67, for a total transaction of $162,631.78. Following the sale, the insider now directly owns 17,680,964 shares in the company, valued at approximately $11,846,245.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 2,879,543 shares of company stock worth $1,702,654. Corporate insiders own 0.22% of the company's stock.

Hedge Funds Weigh In On Hycroft Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HYMC. Virtu Financial LLC acquired a new position in Hycroft Mining in the third quarter valued at about $28,000. Jane Street Group LLC raised its stake in shares of Hycroft Mining by 200.5% in the third quarter. Jane Street Group LLC now owns 48,017 shares of the company's stock worth $29,000 after acquiring an additional 32,037 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Hycroft Mining in the second quarter worth about $31,000. BNP Paribas Arbitrage SNC bought a new position in shares of Hycroft Mining in the third quarter worth about $34,000. Finally, SG Americas Securities LLC raised its stake in shares of Hycroft Mining by 201.4% in the third quarter. SG Americas Securities LLC now owns 59,598 shares of the company's stock worth $36,000 after acquiring an additional 39,823 shares during the last quarter. 32.07% of the stock is currently owned by institutional investors and hedge funds.

Hycroft Mining Price Performance

NASDAQ:HYMC opened at $0.42 on Friday. The firm has a market cap of $84.14 million, a PE ratio of -0.36 and a beta of 1.97. Hycroft Mining has a 12 month low of $0.31 and a 12 month high of $3.10. The company has a quick ratio of 9.24, a current ratio of 9.94 and a debt-to-equity ratio of 1.87. The company's 50-day moving average price is $0.50 and its two-hundred day moving average price is $0.60.

About Hycroft Mining

(Get Rating)

Hycroft Mining Holding Corp. engages in the exploration, mining, and development of gold and silver properties. The company was founded on August 28, 2017 and is headquartered in Winnemucca, NV.

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