Short Interest in Hycroft Mining Holding Co. (NASDAQ:HYMC) Declines By 7.1%

Hycroft Mining Holding Co. (NASDAQ:HYMCGet Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 1,450,000 shares, a drop of 7.1% from the May 15th total of 1,560,000 shares. Approximately 8.0% of the shares of the company are short sold. Based on an average daily volume of 546,100 shares, the days-to-cover ratio is currently 2.7 days.

Insiders Place Their Bets

In other news, CEO Diane R. Garrett sold 7,783 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $3.76, for a total value of $29,264.08. Following the sale, the chief executive officer now owns 203,262 shares of the company’s stock, valued at $764,265.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders sold 15,319 shares of company stock worth $53,387 over the last quarter. 1.21% of the stock is currently owned by company insiders.

Institutional Trading of Hycroft Mining

A hedge fund recently bought a new stake in Hycroft Mining stock. Avantax Advisory Services Inc. purchased a new stake in shares of Hycroft Mining Holding Co. (NASDAQ:HYMCFree Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 15,000 shares of the company’s stock, valued at approximately $33,000. Avantax Advisory Services Inc. owned approximately 0.07% of Hycroft Mining at the end of the most recent reporting period. 7.38% of the stock is owned by institutional investors and hedge funds.

Hycroft Mining Stock Down 5.8 %

Shares of NASDAQ HYMC traded down $0.16 during mid-day trading on Monday, hitting $2.59. The company had a trading volume of 266,525 shares, compared to its average volume of 371,191. The stock’s 50-day moving average price is $3.41 and its 200-day moving average price is $2.65. The company has a debt-to-equity ratio of 11.27, a current ratio of 10.89 and a quick ratio of 10.60. Hycroft Mining has a 1 year low of $1.63 and a 1 year high of $4.99.

Hycroft Mining (NASDAQ:HYMCGet Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported ($1.00) earnings per share for the quarter.

Hycroft Mining Company Profile

(Get Free Report)

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in the United States. The company holds interests in the Hycroft mine that consists of 30 private parcels with patented claims comprising approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres located in the state of Nevada.

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