Harmony Gold Mining Company Limited (NYSE:HMY) Sees Large Drop in Short Interest

Harmony Gold Mining Company Limited (NYSE:HMY) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 6,830,000 shares, a decrease 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 short-interest ratio is presently 1.7 days.

Hedge Funds Weigh In On Harmony Gold Mining

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC lifted its position in Harmony Gold Mining by 225.6% in the 1st quarter. SG Americas Securities LLC now owns 108,954 shares of the mining company’s stock valued at $890,000 after acquiring an additional 75,494 shares in the last quarter. Consolidated Portfolio Review Corp bought a new stake in Harmony Gold Mining in the 3rd quarter valued at about $1,187,000. Cetera Investment Advisers bought a new stake in shares of Harmony Gold Mining during the 1st quarter worth approximately $2,097,000. Acadian Asset Management LLC lifted its holdings in shares of Harmony Gold Mining by 234.5% during the 1st quarter. Acadian Asset Management LLC now owns 876,464 shares of the mining company’s stock worth $7,152,000 after acquiring an additional 614,445 shares during the period. Finally, Thrivent Financial for Lutherans bought a new stake in shares of Harmony Gold Mining during the 2nd quarter worth approximately $1,141,000. 31.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HMY. Bank of America began coverage on Harmony Gold Mining in a research note on Monday, October 21st. They set a “neutral” rating for the company. JPMorgan Chase & Co. raised their price objective on Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Finally, StockNews.com downgraded Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

Harmony Gold Mining Trading Up 7.6 %

Shares of NYSE HMY traded up $0.65 during mid-day trading on Monday, hitting $9.31. 5,813,084 shares of the stock were exchanged, compared to its average volume of 4,857,964. The stock’s fifty day simple moving average is $10.28 and its two-hundred day simple moving average is $9.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. Harmony Gold Mining has a twelve month low of $5.40 and a twelve month high of $12.29.

Harmony Gold Mining Cuts Dividend

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

About Harmony Gold Mining

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.