Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Short Interest Update

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 93,700 shares, a decline of 33.9% from the February 13th total of 141,800 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average daily volume of 18,800 shares, the short-interest ratio is presently 5.0 days.

Institutional Trading of Hydrofarm Holdings Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its position in shares of Hydrofarm Holdings Group by 4.8% in the fourth quarter. Renaissance Technologies LLC now owns 789,970 shares of the company’s stock valued at $458,000 after purchasing an additional 36,370 shares during the period. Cannell Capital LLC raised its position in shares of Hydrofarm Holdings Group by 17.3% in the fourth quarter. Cannell Capital LLC now owns 451,372 shares of the company’s stock valued at $262,000 after purchasing an additional 66,619 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Hydrofarm Holdings Group in the fourth quarter valued at approximately $33,000. Geode Capital Management LLC raised its position in shares of Hydrofarm Holdings Group by 5.9% in the third quarter. Geode Capital Management LLC now owns 475,634 shares of the company’s stock valued at $328,000 after purchasing an additional 26,350 shares during the period. Finally, XTX Topco Ltd grew its stake 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 acquiring an additional 19,147 shares in the last quarter. Institutional investors own 26.61% of the company’s stock.

Hydrofarm Holdings Group Stock Performance

Shares of NASDAQ HYFM traded down $0.32 during midday trading on Monday, hitting $3.10. The company’s stock had a trading volume of 36,051 shares, compared to its average volume of 18,272. The stock has a fifty day moving average price of $5.59 and a 200 day moving average price of $6.16. Hydrofarm Holdings Group has a one year low of $3.00 and a one year high of $12.00. The company has a current ratio of 3.24, a quick ratio of 1.41 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $14.30 million, a price-to-earnings ratio of -0.22 and a beta of 2.02.

Hydrofarm Holdings Group Company Profile

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.