Harmony Gold Mining Company Limited (NYSE:HMY) Short Interest Up 26.0% in April

Harmony Gold Mining Company Limited (NYSE:HMY) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 13,320,000 shares, a growth of 26.0% from the March 31st total of 10,570,000 shares. Based on an average daily volume of 6,450,000 shares, the short-interest ratio is presently 2.1 days.

Institutional Investors Weigh In On Harmony Gold Mining

Several large investors have recently modified their holdings of the stock. Arlington Capital Management Inc. raised its position in Harmony Gold Mining by 1.7% in the third quarter. Arlington Capital Management Inc. now owns 177,338 shares of the mining company’s stock worth $667,000 after acquiring an additional 2,910 shares in the last quarter. Mackenzie Financial Corp raised its position in Harmony Gold Mining by 122.4% in the third quarter. Mackenzie Financial Corp now owns 739,877 shares of the mining company’s stock worth $2,782,000 after acquiring an additional 407,159 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Harmony Gold Mining by 55.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,627,682 shares of the mining company’s stock worth $6,120,000 after acquiring an additional 579,506 shares in the last quarter. Jump Financial LLC raised its position in Harmony Gold Mining by 1,134.5% in the third quarter. Jump Financial LLC now owns 343,735 shares of the mining company’s stock worth $1,292,000 after acquiring an additional 315,890 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in Harmony Gold Mining by 31.0% in the third quarter. Quantbot Technologies LP now owns 55,388 shares of the mining company’s stock worth $208,000 after acquiring an additional 13,111 shares in the last quarter. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Down 6.0 %

Shares of HMY stock traded down $0.55 during trading hours on Tuesday, reaching $8.56. 5,589,372 shares of the stock were exchanged, compared to its average volume of 5,940,817. Harmony Gold Mining has a 12-month low of $3.41 and a 12-month high of $9.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.11. The business’s fifty day moving average is $7.85 and its two-hundred day moving average is $6.43. The firm has a market capitalization of $5.42 billion, a P/E ratio of 7.51 and a beta of 1.71.

Harmony Gold Mining Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 12th were paid a dividend of $0.062 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 11th. This is a boost from Harmony Gold Mining’s previous Semi-Annual dividend of $0.03. Harmony Gold Mining’s dividend payout ratio is 10.53%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. StockNews.com lowered shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. HSBC lowered shares of Harmony Gold Mining from a “hold” rating to a “reduce” rating in a research note on Friday, April 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Harmony Gold Mining from $3.20 to $4.90 and gave the stock an “underweight” rating in a research note on Wednesday, April 17th.

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.