Short Interest in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Rises By 74.7%

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 54,114 shares, a growth of 74.7% from the February 26th total of 30,968 shares. Based on an average trading volume of 68,516 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.2% of the company’s stock are sold short.

Institutional Trading of Hydrofarm Holdings Group

Institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC bought a new stake in shares of Hydrofarm Holdings Group during the 3rd quarter worth $59,000. Jane Street Group LLC bought a new position in Hydrofarm Holdings Group in the 4th quarter worth $34,000. Finally, DRW Securities LLC lifted its position in Hydrofarm Holdings Group by 261.4% during the 4th quarter. DRW Securities LLC now owns 38,840 shares of the company’s stock worth $59,000 after acquiring an additional 28,093 shares during the last quarter. 26.61% of the stock is currently owned by institutional investors and hedge funds.

Hydrofarm Holdings Group Stock Down 4.4%

Shares of NASDAQ HYFM traded down $0.05 during mid-day trading on Friday, reaching $1.01. The company had a trading volume of 89,725 shares, compared to its average volume of 61,532. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.81 and a current ratio of 2.08. Hydrofarm Holdings Group has a twelve month low of $0.86 and a twelve month high of $4.78. The stock’s 50 day moving average is $1.34 and its 200-day moving average is $1.98. The stock has a market capitalization of $4.73 million, a PE ratio of -0.02 and a beta of 2.45.

Hydrofarm Holdings Group (NASDAQ:HYFM) last posted its earnings results on Friday, March 27th. The company reported ($51.89) earnings per share (EPS) for the quarter. Hydrofarm Holdings Group had a negative net margin of 44.49% and a negative return on equity of 32.29%. The business had revenue of $25.12 million during the quarter. As a group, equities analysts anticipate that Hydrofarm Holdings Group will post -13.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hydrofarm Holdings Group in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc provides a comprehensive portfolio of products and services for controlled environment agriculture (CEA) and indoor gardening. The company’s offerings include horticultural lighting systems, environmental controls, nutrient and irrigation solutions, growing media, and greenhouse and nursery equipment. These products are designed to support commercial growers, research institutions, and home gardening enthusiasts by optimizing plant growth and resource efficiency in indoor and greenhouse environments.

Founded in 1977 and headquartered in Fairless Hills, Pennsylvania, Hydrofarm has grown through a combination of product innovation and strategic acquisitions.