Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 9,130,000 shares, an increase of 8.3% from the August 15th total of 8,430,000 shares. Based on an average daily volume of 4,160,000 shares, the days-to-cover ratio is presently 2.2 days.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. decreased their price objective 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.
Read Our Latest Report on Harmony Gold Mining
Harmony Gold Mining Stock Up 2.9 %
Harmony Gold Mining Cuts Dividend
The business also recently announced a Semi-Annual dividend, which will be paid on Monday, October 21st. Stockholders of record on Friday, October 11th will be issued a $0.042 dividend. This represents a dividend yield of 1.2%. The ex-dividend date is Friday, October 11th.
Hedge Funds Weigh In On Harmony Gold Mining
Several hedge funds have recently added to or reduced their stakes in HMY. Ashton Thomas Private Wealth LLC bought a new stake in Harmony Gold Mining during the 2nd quarter valued at $41,000. St. Johns Investment Management Company LLC purchased a new stake in Harmony Gold Mining during the first quarter valued at approximately $52,000. GAMMA Investing LLC lifted its holdings in shares of Harmony Gold Mining by 29.2% during the 1st quarter. GAMMA Investing LLC now owns 6,622 shares of the mining company’s stock valued at $54,000 after purchasing an additional 1,496 shares during the last quarter. Atlas Capital Advisors LLC acquired a new position in Harmony Gold Mining during the 1st quarter valued at about $61,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Harmony Gold Mining during the first quarter worth about $77,000. 31.79% of the stock is currently owned by institutional investors.
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.
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