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

Harmony Gold Mining Company Limited (NYSE:HMY) was the target of a large decrease in short interest in 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 daily volume of 3,980,000 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Veracity Capital LLC increased its position in Harmony Gold Mining by 7.9% during the 3rd quarter. Veracity Capital LLC now owns 13,747 shares of the mining company’s stock valued at $140,000 after purchasing an additional 1,003 shares during the period. Beverly Hills Private Wealth LLC grew its position in shares of Harmony Gold Mining by 5.0% in 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 period. Creative Planning grew its position in shares of Harmony Gold Mining by 3.6% in the 3rd quarter. Creative Planning now owns 59,686 shares of the mining company’s stock worth $607,000 after buying an additional 2,061 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of Harmony Gold Mining by 20.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 14,137 shares of the mining company’s stock worth $130,000 after buying an additional 2,377 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Harmony Gold Mining by 15.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,366 shares of the mining company’s stock worth $178,000 after buying an additional 2,611 shares during the period. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Price Performance

Shares of HMY stock traded up $0.65 during trading hours on Monday, reaching $9.31. The stock had a trading volume of 5,813,084 shares, compared to its average volume of 4,857,964. The stock’s fifty day simple moving average is $10.28 and its 200 day simple moving average is $9.69. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. Harmony Gold Mining has a 12 month low of $5.40 and a 12 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. Stockholders of record on Friday, October 11th were issued a $0.042 dividend. The ex-dividend date was Friday, October 11th. This represents a dividend yield of 1.2%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. StockNews.com lowered shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Bank of America assumed coverage on shares of Harmony Gold Mining in a research note on Monday, October 21st. They set a “neutral” rating on the stock.

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.