Harmony Gold Mining Company Limited (NYSE:HMY) Short Interest Update

Harmony Gold Mining Company Limited (NYSE:HMY) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 6,830,000 shares, a drop of 13.5% from the October 15th total of 7,900,000 shares. Based on an average trading volume of 3,980,000 shares, the days-to-cover ratio is presently 1.7 days.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HMY shares. JPMorgan Chase & Co. boosted their price target on Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a report on Tuesday, November 12th. StockNews.com cut shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Bank of America assumed coverage on shares of Harmony Gold Mining in a report on Monday, October 21st. They issued a “neutral” rating for the company.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Veracity Capital LLC boosted its stake in Harmony Gold Mining by 7.9% in the third quarter. Veracity Capital LLC now owns 13,747 shares of the mining company’s stock valued at $140,000 after acquiring an additional 1,003 shares in the last quarter. Beverly Hills Private Wealth LLC grew its stake in Harmony Gold Mining by 5.0% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 28,916 shares of the mining company’s stock worth $265,000 after buying an additional 1,378 shares during the last quarter. Creative Planning increased its position in Harmony Gold Mining by 3.6% during the 3rd quarter. Creative Planning now owns 59,686 shares of the mining company’s stock valued at $607,000 after buying an additional 2,061 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Harmony Gold Mining by 20.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 14,137 shares of the mining company’s stock valued at $130,000 after buying an additional 2,377 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Harmony Gold Mining by 15.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,366 shares of the mining company’s stock worth $178,000 after acquiring an additional 2,611 shares in the last quarter. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Performance

Shares of NYSE:HMY traded up $0.65 on Monday, reaching $9.31. The company had a trading volume of 5,813,084 shares, compared to its average volume of 4,857,964. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Harmony Gold Mining has a 52-week low of $5.40 and a 52-week high of $12.29. The firm’s 50 day simple moving average is $10.28 and its 200-day simple moving average is $9.69.

Harmony Gold Mining Cuts Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 11th were issued a $0.042 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a yield of 1.2%.

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.