Short Interest in Harmony Gold Mining Company Limited (NYSE:HMY) Increases By 26.5%

Harmony Gold Mining Company Limited (NYSE:HMY) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 7,529,482 shares, a growth of 26.5% from the December 31st total of 5,953,883 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average daily trading volume, of 3,571,085 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily trading volume, of 3,571,085 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.4% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

HMY has been the subject of a number of research analyst reports. HSBC raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Wall Street Zen raised Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Zacks Research downgraded shares of Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd. Finally, Hsbc Global Res raised shares of Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Harmony Gold Mining Stock Up 2.1%

Shares of NYSE HMY traded up $0.44 during midday trading on Tuesday, reaching $21.36. The company’s stock had a trading volume of 7,571,867 shares, compared to its average volume of 4,871,447. The stock has a 50 day simple moving average of $21.05 and a 200-day simple moving average of $18.02. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41. Harmony Gold Mining has a fifty-two week low of $9.69 and a fifty-two week high of $26.06.

Hedge Funds Weigh In On Harmony Gold Mining

Hedge funds have recently modified their holdings of the stock. Ballentine Partners LLC raised its holdings in Harmony Gold Mining by 5.0% during the fourth quarter. Ballentine Partners LLC now owns 12,859 shares of the mining company’s stock worth $256,000 after acquiring an additional 607 shares in the last quarter. Shilanski & Associates Inc. increased its position in shares of Harmony Gold Mining by 3.0% during the 3rd quarter. Shilanski & Associates Inc. now owns 22,909 shares of the mining company’s stock worth $416,000 after purchasing an additional 670 shares during the last quarter. Signaturefd LLC increased its position in shares of Harmony Gold Mining by 5.6% during the 3rd quarter. Signaturefd LLC now owns 16,323 shares of the mining company’s stock worth $296,000 after purchasing an additional 867 shares during the last quarter. Compound Planning Inc. raised its stake in shares of Harmony Gold Mining by 3.5% during the 3rd quarter. Compound Planning Inc. now owns 26,673 shares of the mining company’s stock worth $484,000 after purchasing an additional 913 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in shares of Harmony Gold Mining by 4.6% in the 2nd quarter. Personal CFO Solutions LLC now owns 22,767 shares of the mining company’s stock valued at $318,000 after buying an additional 993 shares during the last quarter. Institutional investors own 31.79% of the company’s stock.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.