Short Interest in Hycroft Mining Holding Co. (NASDAQ:HYMC) Declines By 10.9%

Hycroft Mining Holding Co. (NASDAQ:HYMC) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,550,000 shares, a decrease of 10.9% from the January 15th total of 1,740,000 shares. Based on an average daily volume of 218,800 shares, the days-to-cover ratio is presently 7.1 days. Approximately 7.7% of the shares of the stock are short sold.

Hycroft Mining Stock Down 5.5 %

Shares of HYMC opened at $2.77 on Tuesday. The firm’s fifty day moving average is $2.26 and its two-hundred day moving average is $2.34. Hycroft Mining has a 52-week low of $1.87 and a 52-week high of $4.65.

Institutional Trading of Hycroft Mining

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of Hycroft Mining by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 204,018 shares of the company’s stock worth $451,000 after purchasing an additional 6,429 shares during the last quarter. Waldron Private Wealth LLC lifted its position in Hycroft Mining by 37.0% during the third quarter. Waldron Private Wealth LLC now owns 33,060 shares of the company’s stock worth $83,000 after buying an additional 8,931 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in Hycroft Mining by 40.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 31,000 shares of the company’s stock worth $69,000 after buying an additional 9,000 shares during the last quarter. Virtu Financial LLC grew its holdings in Hycroft Mining by 59.9% in the 3rd quarter. Virtu Financial LLC now owns 27,305 shares of the company’s stock valued at $68,000 after buying an additional 10,228 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Hycroft Mining by 14.8% in the 4th quarter. Renaissance Technologies LLC now owns 86,679 shares of the company’s stock worth $192,000 after acquiring an additional 11,200 shares during the last quarter. Institutional investors and hedge funds own 7.38% of the company’s stock.

Hycroft Mining Company Profile

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.