Harmony Gold Mining Company Limited (NYSE:HMY) Short Interest Up 18.0% in January

Harmony Gold Mining Company Limited (NYSE:HMY) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 12,120,000 shares, an increase of 18.0% from the January 15th total of 10,270,000 shares. Based on an average daily volume of 6,210,000 shares, the days-to-cover ratio is presently 2.0 days.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Bank of America began coverage on shares of Harmony Gold Mining in a research report on Monday, October 21st. They set a “neutral” rating on the stock. Finally, StockNews.com lowered shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th.

Harmony Gold Mining Stock Performance

HMY opened at $11.43 on Monday. Harmony Gold Mining has a fifty-two week low of $5.41 and a fifty-two week high of $12.48. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average price is $9.76 and its two-hundred day moving average price is $9.90.

Institutional Investors Weigh In On Harmony Gold Mining

A number of institutional investors have recently bought and sold shares of HMY. ABC Arbitrage SA acquired a new stake in Harmony Gold Mining during the fourth quarter worth $20,229,000. Van ECK Associates Corp boosted its stake in Harmony Gold Mining by 3.3% during the third quarter. Van ECK Associates Corp now owns 68,895,088 shares of the mining company’s stock worth $700,663,000 after buying an additional 2,206,537 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Harmony Gold Mining during the fourth quarter worth $11,903,000. Wellington Management Group LLP boosted its stake in shares of Harmony Gold Mining by 76.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,676,433 shares of the mining company’s stock valued at $27,219,000 after purchasing an additional 1,162,292 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Harmony Gold Mining by 1,465.3% in the 4th quarter. Marshall Wace LLP now owns 388,204 shares of the mining company’s stock valued at $3,187,000 after purchasing an additional 363,404 shares in the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.

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.