Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Short Interest Update

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 41,145 shares, a decline of 47.9% from the December 15th total of 79,002 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 60,415 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 60,415 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.9% of the company’s stock are short sold.

Institutional Investors Weigh In On Hydrofarm Holdings Group

A hedge fund recently bought a new stake in Hydrofarm Holdings Group stock. Citadel Advisors LLC bought a new position in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 18,079 shares of the company’s stock, valued at approximately $59,000. Citadel Advisors LLC owned about 0.39% of Hydrofarm Holdings Group as of its most recent SEC filing. Institutional investors own 26.61% of the company’s stock.

Hydrofarm Holdings Group Price Performance

Hydrofarm Holdings Group stock traded down $0.05 during trading on Friday, hitting $1.64. 16,891 shares of the company were exchanged, compared to its average volume of 45,795. The business’s 50 day moving average is $1.81 and its 200 day moving average is $3.00. Hydrofarm Holdings Group has a 52 week low of $1.45 and a 52 week high of $6.89. The company has a current ratio of 2.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.67.

Hydrofarm Holdings Group (NASDAQ:HYFM) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($3.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.09) by ($0.42). Hydrofarm Holdings Group had a negative return on equity of 32.29% and a negative net margin of 44.49%.The firm had revenue of $29.35 million for the quarter, compared to analysts’ expectations of $35.73 million. As a group, equities analysts expect that Hydrofarm Holdings Group will post -13.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hydrofarm Holdings Group in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc provides a comprehensive portfolio of products and services for controlled environment agriculture (CEA) and indoor gardening. The company’s offerings include horticultural lighting systems, environmental controls, nutrient and irrigation solutions, growing media, and greenhouse and nursery equipment. These products are designed to support commercial growers, research institutions, and home gardening enthusiasts by optimizing plant growth and resource efficiency in indoor and greenhouse environments.

Founded in 1977 and headquartered in Fairless Hills, Pennsylvania, Hydrofarm has grown through a combination of product innovation and strategic acquisitions.