Short Interest in Harmony Gold Mining Company Limited (NYSE:HMY) Declines By 13.0%

Harmony Gold Mining Company Limited (NYSE:HMY) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 10,540,000 shares, a drop of 13.0% from the January 31st total of 12,120,000 shares. Based on an average daily volume of 6,210,000 shares, the days-to-cover ratio is currently 1.7 days.

Harmony Gold Mining Price Performance

Shares of HMY traded up $0.03 during trading hours on Thursday, hitting $10.87. 4,912,532 shares of the company were exchanged, compared to its average volume of 5,162,526. The company has a market capitalization of $6.90 billion, a PE ratio of 6.43, a PEG ratio of 0.63 and a beta of 1.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. The firm has a fifty day simple moving average of $10.30 and a 200-day simple moving average of $10.01. Harmony Gold Mining has a one year low of $6.80 and a one year high of $12.49.

Institutional Trading of Harmony Gold Mining

A number of institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp raised its holdings in Harmony Gold Mining by 12.0% during the fourth quarter. Mackenzie Financial Corp now owns 1,599,913 shares of the mining company’s stock valued at $13,135,000 after buying an additional 171,136 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in shares of Harmony Gold Mining in the fourth quarter worth about $539,000. GTS Securities LLC bought a new position in shares of Harmony Gold Mining in the fourth quarter worth about $492,000. Vise Technologies Inc. bought a new position in shares of Harmony Gold Mining in the fourth quarter worth about $130,000. Finally, Squarepoint Ops LLC bought a new position in shares of Harmony Gold Mining in the fourth quarter worth about $279,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HMY shares. StockNews.com cut Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price target on Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research report on Tuesday, November 12th.

About Harmony Gold Mining

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.