Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Short Interest Update

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 1,120,000 shares, a decline of 5.1% from the November 15th total of 1,180,000 shares. Approximately 3.1% of the company’s shares are short sold. Based on an average trading volume of 161,500 shares, the days-to-cover ratio is presently 6.9 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HYFM. XTX Topco Ltd increased its position in shares of Hydrofarm Holdings Group by 80.3% during the third quarter. XTX Topco Ltd now owns 42,982 shares of the company’s stock worth $30,000 after acquiring an additional 19,147 shares in the last quarter. Jane Street Group LLC boosted its stake in Hydrofarm Holdings Group by 82.2% during the 3rd quarter. Jane Street Group LLC now owns 45,115 shares of the company’s stock valued at $31,000 after purchasing an additional 20,357 shares during the last quarter. Geode Capital Management LLC increased its holdings in Hydrofarm Holdings Group by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 475,634 shares of the company’s stock worth $328,000 after purchasing an additional 26,350 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Hydrofarm Holdings Group by 6.7% in the second quarter. Renaissance Technologies LLC now owns 730,600 shares of the company’s stock worth $504,000 after purchasing an additional 45,800 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Hydrofarm Holdings Group by 18.2% in the first quarter. Vanguard Group Inc. now owns 1,876,913 shares of the company’s stock valued at $2,027,000 after purchasing an additional 288,701 shares in the last quarter. 26.61% of the stock is owned by institutional investors.

Hydrofarm Holdings Group Stock Down 4.6 %

Shares of NASDAQ HYFM opened at $0.62 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 3.24 and a debt-to-equity ratio of 0.51. The firm has a market cap of $28.61 million, a PE ratio of -0.44 and a beta of 1.91. The company’s fifty day simple moving average is $0.66 and its 200 day simple moving average is $0.66. Hydrofarm Holdings Group has a 12-month low of $0.43 and a 12-month high of $1.20.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc, together with its subsidiaries, manufactures and distributes controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company provides agricultural lighting devices, indoor climate control equipment, and nutrients, as well as plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment.