Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Short Interest Up 81.5% in August

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 486,825 shares, a growth of 81.5% from the August 15th total of 268,168 shares. Currently, 12.0% of the company’s shares are short sold. Based on an average daily volume of 156,021 shares, the short-interest ratio is currently 3.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Hydrofarm Holdings Group currently has an average rating of “Sell”.

Hedge Funds Weigh In On Hydrofarm Holdings Group

A hedge fund recently bought a new stake in Hydrofarm Holdings Group stock. BlackRock Inc. bought a new position in shares of Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,465 shares of the company’s stock, valued at approximately $43,000. BlackRock Inc. owned 1.06% of Hydrofarm Holdings Group as of its most recent SEC filing. 26.61% of the stock is owned by institutional investors.

Hydrofarm Holdings Group Stock Down 2.1%

NASDAQ:HYFM traded down $0.02 during mid-day trading on Wednesday, reaching $0.92. The company’s stock had a trading volume of 31,543 shares, compared to its average volume of 966,972. Hydrofarm Holdings Group has a 1 year low of $0.50 and a 1 year high of $3.69. The stock has a fifty day moving average of $1.03 and a 200-day moving average of $1.01. The firm has a market capitalization of $4.38 million, a PE ratio of -0.02 and a beta of 2.43.

Hydrofarm Holdings Group (NASDAQ:HYFM) last posted its quarterly earnings results on Friday, August 14th. The company reported ($2.23) EPS for the quarter, missing the consensus estimate of ($0.89) by ($1.34). Hydrofarm Holdings Group had a negative net margin of 267.20% and a negative return on equity of 500.33%. The business had revenue of $23.21 million during the quarter, compared to the consensus estimate of $58.20 million.

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.