Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Sees Significant Growth in Short Interest

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 79,002 shares, an increase of 152.4% from the November 30th total of 31,302 shares. Based on an average daily trading volume, of 136,542 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.8% of the company’s shares are short sold. Approximately 1.8% of the company’s shares are short sold. Based on an average daily trading volume, of 136,542 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hydrofarm Holdings Group in a research note on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hydrofarm Holdings Group stock. Citadel Advisors LLC acquired a new position in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,079 shares of the company’s stock, valued at approximately $59,000. Citadel Advisors LLC owned about 0.39% of Hydrofarm Holdings Group as of its most recent filing with the Securities and Exchange Commission. 26.61% of the stock is currently owned by hedge funds and other institutional investors.

Hydrofarm Holdings Group Stock Down 1.2%

Shares of NASDAQ:HYFM traded down $0.02 during mid-day trading on Friday, hitting $1.70. 28,784 shares of the company traded hands, compared to its average volume of 97,039. The stock has a 50-day moving average price of $2.07 and a two-hundred day moving average price of $3.21. Hydrofarm Holdings Group has a 12-month low of $1.50 and a 12-month high of $7.50. The stock has a market cap of $7.94 million, a P/E ratio of -0.12 and a beta of 2.31. The company has a current ratio of 2.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.67.

Hydrofarm Holdings Group (NASDAQ:HYFM) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($3.51) earnings per share for the quarter, missing the consensus estimate of ($3.09) by ($0.42). The firm had revenue of $29.35 million for the quarter, compared to analysts’ expectations of $35.73 million. Hydrofarm Holdings Group had a negative return on equity of 32.29% and a negative net margin of 44.49%. On average, equities research analysts forecast that Hydrofarm Holdings Group will post -13.3 earnings per share for the current year.

Hydrofarm Holdings Group Company Profile

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.