Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Short Interest Down 5.1% in November

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,120,000 shares, a drop of 5.1% from the November 15th total of 1,180,000 shares. Based on an average trading volume of 161,500 shares, the short-interest ratio is currently 6.9 days. Approximately 3.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HYFM. Vanguard Group Inc. increased its stake in Hydrofarm Holdings Group by 18.2% in the 1st quarter. Vanguard Group Inc. now owns 1,876,913 shares of the company’s stock valued at $2,027,000 after buying an additional 288,701 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Hydrofarm Holdings Group by 6.7% in the second quarter. Renaissance Technologies LLC now owns 730,600 shares of the company’s stock worth $504,000 after purchasing an additional 45,800 shares during the period. Geode Capital Management LLC boosted its position in shares of Hydrofarm Holdings Group by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 475,634 shares of the company’s stock valued at $328,000 after acquiring an additional 26,350 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Hydrofarm Holdings Group by 82.2% in the 3rd quarter. Jane Street Group LLC now owns 45,115 shares of the company’s stock worth $31,000 after buying an additional 20,357 shares during the last quarter. Finally, XTX Topco Ltd raised its position in Hydrofarm Holdings Group by 80.3% during the third quarter. XTX Topco Ltd now owns 42,982 shares of the company’s stock valued at $30,000 after purchasing an additional 19,147 shares in the last quarter. 26.61% of the stock is owned by institutional investors.

Hydrofarm Holdings Group Stock Performance

NASDAQ HYFM opened at $0.62 on Thursday. The company has a market capitalization of $28.38 million, a price-to-earnings ratio of -0.44 and a beta of 1.91. Hydrofarm Holdings Group has a twelve month low of $0.43 and a twelve month high of $1.20. The stock has a fifty day simple moving average of $0.66 and a 200 day simple moving average of $0.65. The company has a quick ratio of 1.41, a current ratio of 3.24 and a debt-to-equity ratio of 0.51.

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.