Short Interest in Harmony Gold Mining Company Limited (NYSE:HMY) Grows By 8.3%

Harmony Gold Mining Company Limited (NYSE:HMY) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 9,130,000 shares, a growth of 8.3% from the August 15th total of 8,430,000 shares. Based on an average daily trading volume, of 4,160,000 shares, the days-to-cover ratio is presently 2.2 days.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their target price on shares of Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating for the company in a research report on Wednesday, July 3rd.

Harmony Gold Mining Stock Down 2.7 %

NYSE HMY traded down $0.27 during trading hours on Wednesday, hitting $9.81. 752,124 shares of the company’s stock traded hands, compared to its average volume of 4,953,025. The business’s fifty day moving average price is $9.67 and its two-hundred day moving average price is $9.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. Harmony Gold Mining has a 52 week low of $3.51 and a 52 week high of $11.37.

Harmony Gold Mining Cuts Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Monday, October 21st. Shareholders of record on Friday, October 11th will be given a $0.042 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a dividend yield of 1.2%.

Hedge Funds Weigh In On Harmony Gold Mining

A number of hedge funds have recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of Harmony Gold Mining by 30.0% in the first quarter. Van ECK Associates Corp now owns 75,016,459 shares of the mining company’s stock worth $612,884,000 after purchasing an additional 17,298,604 shares during the period. Polunin Capital Partners Ltd lifted its holdings in shares of Harmony Gold Mining by 10.0% in the first quarter. Polunin Capital Partners Ltd now owns 11,083,569 shares of the mining company’s stock worth $90,553,000 after buying an additional 1,005,685 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Harmony Gold Mining by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,238,873 shares of the mining company’s stock worth $50,668,000 after buying an additional 42,126 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Harmony Gold Mining in the first quarter worth $59,033,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Harmony Gold Mining by 111.5% in the second quarter. Acadian Asset Management LLC now owns 1,853,606 shares of the mining company’s stock worth $16,978,000 after buying an additional 977,142 shares in the last quarter. 31.79% of the stock is currently owned by institutional investors.

About Harmony Gold Mining

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.