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

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 9,460,000 shares, an increase of 12.5% from the November 30th total of 8,410,000 shares. Based on an average trading volume of 4,420,000 shares, the short-interest ratio is currently 2.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ritholtz Wealth Management purchased a new position in shares of Harmony Gold Mining in the 2nd quarter worth about $1,106,000. Acadian Asset Management LLC grew its position in shares of Harmony Gold Mining by 111.5% during the 2nd quarter. Acadian Asset Management LLC now owns 1,853,606 shares of the mining company's stock valued at $16,978,000 after acquiring an additional 977,142 shares during the period. Ballentine Partners LLC bought a new position in Harmony Gold Mining during the second quarter worth about $112,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Harmony Gold Mining in the second quarter worth about $41,000. Finally, Wedbush Securities Inc. bought a new stake in shares of Harmony Gold Mining in the second quarter valued at approximately $188,000. Hedge funds and other institutional investors own 31.79% of the company's stock.

Harmony Gold Mining Stock Up 0.9 %

NYSE:HMY traded up $0.07 on Wednesday, hitting $8.21. The stock had a trading volume of 3,123,340 shares, compared to its average volume of 4,820,089. Harmony Gold Mining has a 1 year low of $5.40 and a 1 year high of $12.29. The firm's fifty day simple moving average is $9.37 and its two-hundred day simple moving average is $9.65. 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 stock has a market cap of $5.21 billion, a P/E ratio of 5.91, a price-to-earnings-growth ratio of 0.46 and a beta of 1.72.

Analyst Ratings Changes

Several brokerages recently weighed in on HMY. JPMorgan Chase & Co. raised their price target on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the company a "neutral" rating in a research report on Tuesday, November 12th. StockNews.com lowered Harmony Gold Mining from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Finally, Bank of America initiated coverage on Harmony Gold Mining in a report on Monday, October 21st. They set a "neutral" rating for the company.

Harmony Gold Mining Company Profile

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.