Harmony Gold Mining Company Limited (NYSE:HMY) Short Interest Up 7.3% in August

Harmony Gold Mining Company Limited (NYSE:HMY) was the recipient of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 8,430,000 shares, a growth of 7.3% from the July 31st total of 7,860,000 shares. Based on an average daily trading volume, of 4,020,000 shares, the short-interest ratio is currently 2.1 days.

Hedge Funds Weigh In On Harmony Gold Mining

Institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of Harmony Gold Mining by 30.0% in the 1st quarter. Van ECK Associates Corp now owns 75,016,459 shares of the mining company’s stock worth $612,884,000 after acquiring an additional 17,298,604 shares during the period. Tidal Investments LLC purchased a new position in Harmony Gold Mining during the first quarter worth about $59,033,000. Polunin Capital Partners Ltd lifted its position in Harmony Gold Mining by 10.0% in the first quarter. Polunin Capital Partners Ltd now owns 11,083,569 shares of the mining company’s stock valued at $90,553,000 after purchasing an additional 1,005,685 shares during the period. Lazard Asset Management LLC purchased a new stake in Harmony Gold Mining in the 1st quarter valued at approximately $8,171,000. Finally, Acadian Asset Management LLC increased its position in Harmony Gold Mining by 111.5% during the 2nd quarter. Acadian Asset Management LLC now owns 1,853,606 shares of the mining company’s stock worth $16,978,000 after purchasing an additional 977,142 shares during the period. 31.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their target price on Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating on the stock in a research report on Wednesday, July 3rd.

Harmony Gold Mining Stock Performance

NYSE:HMY opened at $9.17 on Wednesday. Harmony Gold Mining has a 12-month low of $3.51 and a 12-month high of $11.37. 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 stock’s 50 day simple moving average is $9.69 and its 200-day simple moving average is $8.76.

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.