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

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 12,120,000 shares, an increase of 18.0% from the January 15th total of 10,270,000 shares. Based on an average daily volume of 6,210,000 shares, the days-to-cover ratio is presently 2.0 days.

Harmony Gold Mining Stock Performance

Shares of NYSE HMY traded down $0.29 during midday trading on Wednesday, hitting $11.15. The stock had a trading volume of 4,409,659 shares, compared to its average volume of 7,559,249. The company's 50-day simple moving average is $9.84 and its 200 day simple moving average is $9.93. Harmony Gold Mining has a fifty-two week low of $5.41 and a fifty-two week high of $12.48. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HMY shares. StockNews.com cut Harmony Gold Mining from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lifted their target price on Harmony Gold Mining from $8.20 to $8.40 and gave the company a "neutral" rating in a research note on Tuesday, November 12th.

Institutional Investors Weigh In On Harmony Gold Mining

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hara Capital LLC acquired a new stake in shares of Harmony Gold Mining during the third quarter worth $38,000. Grove Bank & Trust grew its stake in shares of Harmony Gold Mining by 400.0% during the fourth quarter. Grove Bank & Trust now owns 5,000 shares of the mining company's stock worth $41,000 after purchasing an additional 4,000 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Harmony Gold Mining by 230.3% during the fourth quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company's stock worth $48,000 after purchasing an additional 4,081 shares during the period. Optiver Holding B.V. acquired a new stake in shares of Harmony Gold Mining during the fourth quarter worth $75,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Harmony Gold Mining during the fourth quarter worth $77,000. 31.79% of the stock is owned by institutional investors and hedge funds.

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.