Short Interest in Harmony Gold Mining Company Limited (NYSE:HMY) Grows By 8.3%

Harmony Gold Mining Company Limited (NYSE:HMY) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 9,130,000 shares, a growth of 8.3% from the August 15th total of 8,430,000 shares. Based on an average daily trading volume, of 4,160,000 shares, the short-interest ratio is presently 2.2 days.

Harmony Gold Mining Stock Performance

Harmony Gold Mining stock traded down $0.27 during trading hours on Wednesday, hitting $9.81. The stock had a trading volume of 752,124 shares, compared to its average volume of 4,953,025. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. Harmony Gold Mining has a 12-month low of $3.51 and a 12-month high of $11.37. The stock’s 50-day moving average price is $9.67 and its 200-day moving average price is $9.04.

Harmony Gold Mining Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Monday, October 21st. Stockholders of record on Friday, October 11th will be issued a dividend of $0.042 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a dividend yield of 1.2%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their target price on shares of Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating for the company in a report on Wednesday, July 3rd.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers raised its holdings in shares of Harmony Gold Mining by 32.8% during the second quarter. Cetera Investment Advisers now owns 340,954 shares of the mining company’s stock valued at $3,127,000 after purchasing an additional 84,258 shares during the last quarter. Wallace Advisory Group LLC purchased a new position in shares of Harmony Gold Mining during the second quarter valued at approximately $94,000. Creative Planning raised its holdings in shares of Harmony Gold Mining by 20.6% during the second quarter. Creative Planning now owns 57,625 shares of the mining company’s stock valued at $528,000 after purchasing an additional 9,859 shares during the last quarter. Employees Retirement System of Texas purchased a new position in shares of Harmony Gold Mining during the second quarter valued at approximately $295,000. Finally, AQR Capital Management LLC raised its holdings in shares of Harmony Gold Mining by 63.7% during the second quarter. AQR Capital Management LLC now owns 1,567,543 shares of the mining company’s stock valued at $14,374,000 after purchasing an additional 609,971 shares during the last quarter. 31.79% of the stock is owned by hedge funds and other institutional investors.

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.