Harmony Gold Mining Co. (HMY) Short Interest Update

Harmony Gold Mining Co. (NYSE:HMY) was the target of a significant growth in short interest during the month of December. As of December 29th, there was short interest totalling 6,187,364 shares, a growth of 41.8% from the December 15th total of 4,364,797 shares. Based on an average daily trading volume, of 2,047,464 shares, the short-interest ratio is presently 3.0 days.

HMY has been the subject of a number of research reports. ValuEngine raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Harmony Gold Mining from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Deutsche Bank raised shares of Harmony Gold Mining from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. Finally, Bank of America cut shares of Harmony Gold Mining from a “buy” rating to a “neutral” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Harmony Gold Mining presently has a consensus rating of “Hold”.

Harmony Gold Mining (NYSE:HMY) opened at $1.69 on Friday. Harmony Gold Mining has a one year low of $1.56 and a one year high of $2.99. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02. The stock has a market cap of $735.65, a PE ratio of 33.80 and a beta of -1.98.

Several institutional investors have recently modified their holdings of HMY. Van ECK Associates Corp increased its stake in shares of Harmony Gold Mining by 17.4% during the third quarter. Van ECK Associates Corp now owns 46,212,158 shares of the mining company’s stock worth $84,568,000 after acquiring an additional 6,850,986 shares during the period. Sensato Investors LLC increased its stake in shares of Harmony Gold Mining by 454.3% during the second quarter. Sensato Investors LLC now owns 2,007,298 shares of the mining company’s stock worth $3,312,000 after acquiring an additional 1,645,198 shares during the period. Jane Street Group LLC increased its stake in shares of Harmony Gold Mining by 419.9% during the third quarter. Jane Street Group LLC now owns 1,612,863 shares of the mining company’s stock worth $2,952,000 after acquiring an additional 1,302,658 shares during the period. Alps Advisors Inc. increased its stake in shares of Harmony Gold Mining by 34.7% during the third quarter. Alps Advisors Inc. now owns 3,274,312 shares of the mining company’s stock worth $5,992,000 after acquiring an additional 843,444 shares during the period. Finally, Allianz Asset Management GmbH acquired a new position in shares of Harmony Gold Mining during the third quarter worth about $1,353,000. Institutional investors and hedge funds own 24.90% of the company’s stock.

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Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company’s segments include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3.

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