Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Short Interest Down 5.1% in November

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) saw a large decline in short interest during the month of 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. Currently, 3.1% of the company’s stock are short sold. Based on an average daily trading volume, of 161,500 shares, the short-interest ratio is currently 6.9 days.

Institutional Investors Weigh In On Hydrofarm Holdings Group

A number of institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd lifted its stake in shares of Hydrofarm Holdings Group by 80.3% in the third quarter. XTX Topco Ltd now owns 42,982 shares of the company’s stock valued at $30,000 after purchasing an additional 19,147 shares during the period. Jane Street Group LLC grew its position in Hydrofarm Holdings Group by 82.2% in the third quarter. Jane Street Group LLC now owns 45,115 shares of the company’s stock valued at $31,000 after acquiring an additional 20,357 shares in the last quarter. Geode Capital Management LLC increased its position in Hydrofarm Holdings Group by 5.9% in 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 during the last quarter. Renaissance Technologies LLC raised its position in Hydrofarm Holdings Group by 6.7% during the second quarter. Renaissance Technologies LLC now owns 730,600 shares of the company’s stock valued at $504,000 after acquiring an additional 45,800 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Hydrofarm Holdings Group by 18.2% in the 1st 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 during the last quarter. Hedge funds and other institutional investors own 26.61% of the company’s stock.

Hydrofarm Holdings Group Stock Down 0.8 %

HYFM stock opened at $0.62 on Thursday. Hydrofarm Holdings Group has a twelve month low of $0.43 and a twelve month high of $1.20. The company has a current ratio of 3.24, a quick ratio of 1.41 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $0.66 and its two-hundred day moving average is $0.65. The stock has a market cap of $28.38 million, a P/E ratio of -0.44 and a beta of 1.91.

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.