Harmony Gold Mining Co. (HMY) Short Interest Update

Harmony Gold Mining Co. (NYSE:HMY) was the recipient of a large increase in short interest in December. As of December 29th, there was short interest totalling 6,187,364 shares, an increase of 41.8% from the December 15th total of 4,364,797 shares. Based on an average daily trading volume, of 2,047,464 shares, the days-to-cover ratio is currently 3.0 days.

A number of institutional investors have recently made changes to their positions in HMY. JPMorgan Chase & Co. bought a new stake in Harmony Gold Mining in the 2nd quarter worth $128,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Harmony Gold Mining by 12.0% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 301,769 shares of the mining company’s stock worth $498,000 after acquiring an additional 32,269 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Harmony Gold Mining by 39.8% in the 2nd quarter. Wells Fargo & Company MN now owns 520,689 shares of the mining company’s stock worth $859,000 after acquiring an additional 148,294 shares during the last quarter. HighTower Advisors LLC bought a new stake in Harmony Gold Mining in the 2nd quarter worth $245,000. Finally, Sensato Investors LLC grew its holdings in Harmony Gold Mining by 454.3% in the 2nd quarter. Sensato Investors LLC now owns 2,007,298 shares of the mining company’s stock worth $3,312,000 after acquiring an additional 1,645,198 shares during the last quarter. 24.99% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently commented on HMY shares. Zacks Investment Research cut shares of Harmony Gold Mining from a “hold” rating to a “sell” rating in a research report on Monday. Deutsche Bank cut shares of Harmony Gold Mining from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Bank of America cut shares of Harmony Gold Mining from a “buy” rating to a “neutral” rating in a research report on Friday, October 20th. Finally, ValuEngine upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold”.

Harmony Gold Mining (NYSE:HMY) opened at $1.71 on Tuesday. Harmony Gold Mining has a 52-week low of $1.56 and a 52-week high of $2.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.28 and a quick ratio of 0.99.

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About Harmony Gold Mining

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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