Harmony Gold Mining Co. (HMY) Short Interest Update

Harmony Gold Mining Co. (NYSE:HMY) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 3,069,782 shares, a drop of 78.1% from the June 15th total of 14,019,042 shares. Based on an average daily volume of 6,178,543 shares, the days-to-cover ratio is presently 0.5 days.

Harmony Gold Mining (HMY) traded up 0.898% during trading on Tuesday, hitting $1.685. 617,801 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $1.73 and a 200 day moving average price of $2.25. Harmony Gold Mining has a 52-week low of $1.56 and a 52-week high of $4.87. The company has a market cap of $736.85 million, a price-to-earnings ratio of 3.439 and a beta of -1.96.

A number of hedge funds have recently modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of Harmony Gold Mining by 24.7% in the first quarter. Van ECK Associates Corp now owns 76,080,435 shares of the mining company’s stock worth $186,397,000 after buying an additional 15,081,214 shares during the period. Schroder Investment Management Group raised its stake in shares of Harmony Gold Mining by 2.4% in the first quarter. Schroder Investment Management Group now owns 4,439,224 shares of the mining company’s stock worth $10,388,000 after buying an additional 105,124 shares during the period. UBS Group AG raised its stake in shares of Harmony Gold Mining by 367.4% in the first quarter. UBS Group AG now owns 992,720 shares of the mining company’s stock worth $2,432,000 after buying an additional 780,348 shares during the period. AQR Capital Management LLC raised its stake in shares of Harmony Gold Mining by 93.7% in the fourth quarter. AQR Capital Management LLC now owns 932,174 shares of the mining company’s stock worth $2,060,000 after buying an additional 450,828 shares during the period. Finally, Eqis Capital Management Inc. acquired a new stake in shares of Harmony Gold Mining during the second quarter worth about $1,510,000. Institutional investors own 32.02% of the company’s stock.

A number of brokerages recently commented on HMY. ValuEngine cut shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research report on Wednesday, May 3rd. Finally, BidaskClub upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 12th. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Harmony Gold Mining currently has a consensus rating of “Sell” and an average price target of $2.50.

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About Harmony Gold Mining

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, and Unisel.

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