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

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 93,700 shares, a drop of 33.9% from the February 13th total of 141,800 shares. Currently, 2.6% of the company’s stock are sold short. Based on an average daily volume of 18,800 shares, the short-interest ratio is currently 5.0 days.

Institutional Trading of Hydrofarm Holdings Group

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in Hydrofarm Holdings Group by 5.9% in the third quarter. Geode Capital Management LLC now owns 475,634 shares of the company’s stock worth $328,000 after acquiring an additional 26,350 shares during the period. Jane Street Group LLC raised its position in Hydrofarm Holdings Group by 82.2% in the third quarter. Jane Street Group LLC now owns 45,115 shares of the company’s stock worth $31,000 after acquiring an additional 20,357 shares during the period. XTX Topco Ltd raised its position in Hydrofarm Holdings Group by 80.3% in the third quarter. XTX Topco Ltd now owns 42,982 shares of the company’s stock worth $30,000 after acquiring an additional 19,147 shares during the period. Renaissance Technologies LLC raised its position in Hydrofarm Holdings Group by 4.8% in the fourth quarter. Renaissance Technologies LLC now owns 789,970 shares of the company’s stock worth $458,000 after acquiring an additional 36,370 shares during the period. Finally, Cannell Capital LLC raised its position in Hydrofarm Holdings Group by 17.3% in the fourth quarter. Cannell Capital LLC now owns 451,372 shares of the company’s stock worth $262,000 after acquiring an additional 66,619 shares during the period. Institutional investors own 26.61% of the company’s stock.

Hydrofarm Holdings Group Stock Performance

HYFM stock traded down $0.32 during mid-day trading on Monday, hitting $3.10. The company had a trading volume of 36,051 shares, compared to its average volume of 18,272. The firm has a market cap of $14.30 million, a PE ratio of -0.22 and a beta of 2.02. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.41 and a current ratio of 3.24. Hydrofarm Holdings Group has a 12 month low of $3.00 and a 12 month high of $12.00. The stock’s fifty day moving average price is $5.59 and its two-hundred day moving average price is $6.16.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc, together with its subsidiaries, manufactures and distributes controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company provides agricultural lighting devices, indoor climate control equipment, and nutrients, as well as plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment.