Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Short Interest Update

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 141,800 shares, a decline of 86.5% from the January 31st total of 1,050,000 shares. Based on an average daily volume of 16,500 shares, the days-to-cover ratio is currently 8.6 days. Currently, 3.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On Hydrofarm Holdings Group

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in Hydrofarm Holdings Group by 4.8% in the 4th quarter. Renaissance Technologies LLC now owns 789,970 shares of the company’s stock valued at $458,000 after buying an additional 36,370 shares during the period. Cannell Capital LLC increased its stake in Hydrofarm Holdings Group by 17.3% in the 4th quarter. Cannell Capital LLC now owns 451,372 shares of the company’s stock valued at $262,000 after buying an additional 66,619 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Hydrofarm Holdings Group in the 4th quarter valued at approximately $33,000. Geode Capital Management LLC increased its stake in Hydrofarm Holdings Group by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 475,634 shares of the company’s stock valued at $328,000 after buying an additional 26,350 shares during the period. Finally, XTX Topco Ltd increased its stake in Hydrofarm Holdings Group by 80.3% in the 3rd quarter. XTX Topco Ltd now owns 42,982 shares of the company’s stock valued at $30,000 after buying an additional 19,147 shares during the period. Institutional investors and hedge funds own 26.61% of the company’s stock.

Hydrofarm Holdings Group Trading Down 2.9 %

Shares of HYFM stock traded down $0.15 during trading hours on Friday, reaching $4.95. 40,516 shares of the stock traded hands, compared to its average volume of 16,760. Hydrofarm Holdings Group has a 1-year low of $4.30 and a 1-year high of $12.00. The business has a fifty day moving average price of $6.07 and a 200 day moving average price of $6.28. The company has a quick ratio of 1.41, a current ratio of 3.24 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $22.84 million, a PE ratio of -0.35 and a beta of 1.99.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc, together with its subsidiaries, manufactures and distributes controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company provides agricultural lighting devices, indoor climate control equipment, and nutrients, as well as plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment.