Harmony Gold Mining Company Limited (HMY) Short Interest Update

Harmony Gold Mining Company Limited (NYSE:HMY) was the recipient of a large growth in short interest in September. As of September 29th, there was short interest totalling 4,745,600 shares, a growth of 61.2% from the September 15th total of 2,944,495 shares. Based on an average daily trading volume, of 2,849,613 shares, the short-interest ratio is presently 1.7 days.

Harmony Gold Mining Company Limited (HMY) opened at 1.69 on Friday. The company has a 50 day moving average price of $1.92 and a 200-day moving average price of $1.97. Harmony Gold Mining Company Limited has a one year low of $1.56 and a one year high of $3.51. The company has a market capitalization of $741.40 million, a PE ratio of 27.70 and a beta of -1.97.

The company also recently declared a semiannual dividend, which will be paid on Monday, October 23rd. Investors of record on Friday, October 13th will be given a dividend of $0.0269 per share. The ex-dividend date is Thursday, October 12th. This represents a dividend yield of 2.48%.

HMY has been the topic of a number of research analyst reports. BidaskClub upgraded Harmony Gold Mining Company Limited from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 12th. Deutsche Bank AG upgraded Harmony Gold Mining Company Limited from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, ValuEngine upgraded Harmony Gold Mining Company Limited from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold”.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HMY. Sensato Investors LLC boosted its position in shares of Harmony Gold Mining Company Limited by 454.3% during the second quarter. Sensato Investors LLC now owns 2,007,298 shares of the mining company’s stock valued at $3,312,000 after purchasing an additional 1,645,198 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in shares of Harmony Gold Mining Company Limited during the second quarter valued at approximately $1,510,000. Alps Advisors Inc. boosted its position in shares of Harmony Gold Mining Company Limited by 53.7% during the second quarter. Alps Advisors Inc. now owns 2,430,868 shares of the mining company’s stock valued at $4,011,000 after purchasing an additional 849,107 shares in the last quarter. UBS Group AG boosted its position in shares of Harmony Gold Mining Company Limited by 367.4% during the first quarter. UBS Group AG now owns 992,720 shares of the mining company’s stock valued at $2,432,000 after purchasing an additional 780,348 shares in the last quarter. Finally, Airain ltd boosted its position in shares of Harmony Gold Mining Company Limited by 284.6% during the second quarter. Airain ltd now owns 603,430 shares of the mining company’s stock valued at $996,000 after purchasing an additional 446,551 shares in the last quarter. Institutional investors own 25.09% of the company’s stock.

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About Harmony Gold Mining Company Limited

Harmony Gold Mining Company Limited, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company’s segments include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3.

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