Harmony Gold Mining Company Limited (NYSE:HMY) Sees Large Drop in Short Interest

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) was the target of a significant decrease in short interest during the month of 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 volume of 6,210,000 shares, the days-to-cover ratio is presently 1.7 days.

Harmony Gold Mining Trading Up 9.2 %

NYSE HMY traded up $1.00 during trading hours on Friday, hitting $11.85. The company's stock had a trading volume of 10,402,839 shares, compared to its average volume of 5,170,228. The stock has a fifty day moving average of $10.42 and a 200 day moving average of $10.01. Harmony Gold Mining has a twelve month low of $7.15 and a twelve month high of $12.49. The firm has a market capitalization of $7.52 billion, a P/E ratio of 7.01, a PEG ratio of 0.63 and a beta of 1.85. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Harmony Gold Mining

Several large investors have recently bought and sold shares of the business. American Century Companies Inc. lifted its holdings in Harmony Gold Mining by 5.5% in the fourth quarter. American Century Companies Inc. now owns 3,312,235 shares of the mining company's stock valued at $27,193,000 after buying an additional 171,282 shares during the period. Wellington Management Group LLP lifted its holdings in Harmony Gold Mining by 76.8% in the third quarter. Wellington Management Group LLP now owns 2,676,433 shares of the mining company's stock valued at $27,219,000 after buying an additional 1,162,292 shares during the period. Millennium Management LLC lifted its holdings in Harmony Gold Mining by 59.5% in the fourth quarter. Millennium Management LLC now owns 2,635,182 shares of the mining company's stock valued at $21,635,000 after buying an additional 982,740 shares during the period. ABC Arbitrage SA acquired a new position in Harmony Gold Mining in the fourth quarter valued at approximately $20,229,000. Finally, Mackenzie Financial Corp raised its holdings in Harmony Gold Mining by 12.0% in the fourth quarter. Mackenzie Financial Corp now owns 1,599,913 shares of the mining company's stock worth $13,135,000 after purchasing an additional 171,136 shares during the period. 31.79% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased 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 note on Tuesday, November 12th. StockNews.com raised shares of Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday.

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.