Harmony Gold Mining Company Limited (NYSE:HMY) Short Interest Update

Harmony Gold Mining Company Limited (NYSE:HMY) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 10,540,000 shares, a decrease of 13.0% from the January 31st total of 12,120,000 shares. Based on an average daily trading volume, of 6,210,000 shares, the days-to-cover ratio is currently 1.7 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HMY. StockNews.com lowered shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price objective on Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a report on Tuesday, November 12th.

Harmony Gold Mining Price Performance

Harmony Gold Mining stock opened at $11.73 on Friday. Harmony Gold Mining has a 1 year low of $6.97 and a 1 year high of $12.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. The company’s 50 day simple moving average is $10.35 and its 200-day simple moving average is $10.01. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 6.91, a price-to-earnings-growth ratio of 0.63 and a beta of 1.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hara Capital LLC acquired a new position in shares of Harmony Gold Mining in the third quarter valued at approximately $38,000. Assetmark Inc. acquired a new position in shares of Harmony Gold Mining in the 3rd quarter valued at $501,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Harmony Gold Mining in the third quarter valued at $210,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Harmony Gold Mining in the third quarter valued at $192,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Harmony Gold Mining by 27.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,263 shares of the mining company’s stock worth $8,057,000 after purchasing an additional 170,175 shares during the last quarter. 31.79% of the stock is currently owned by hedge funds and other 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.