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

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 268,168 shares, an increase of 276.5% from the July 30th total of 71,218 shares. Approximately 6.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,685,994 shares, the short-interest ratio is presently 0.0 days.

Hydrofarm Holdings Group Stock Performance

HYFM traded down $0.10 on Friday, hitting $0.79. 141,658 shares of the company were exchanged, compared to its average volume of 1,027,789. The firm has a fifty day simple moving average of $1.00 and a two-hundred day simple moving average of $1.06. The stock has a market capitalization of $3.76 million, a PE ratio of -0.01 and a beta of 2.35. Hydrofarm Holdings Group has a 12 month low of $0.50 and a 12 month high of $4.76.

Hydrofarm Holdings Group (NASDAQ:HYFM) last announced its quarterly earnings data on Friday, August 14th. The company reported ($2.23) earnings per share 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 company had revenue of $23.21 million during the quarter, compared to the consensus estimate of $58.20 million.

Institutional Investors Weigh In On Hydrofarm Holdings Group

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Hydrofarm Holdings Group in the second quarter valued at about $43,000. DRW Securities LLC boosted its holdings in shares of Hydrofarm Holdings Group by 261.4% during the fourth quarter. DRW Securities LLC now owns 38,840 shares of the company’s stock worth $59,000 after purchasing an additional 28,093 shares during the period. Jane Street Group LLC purchased a new stake in shares of Hydrofarm Holdings Group during the fourth quarter worth about $34,000. Finally, Citadel Advisors LLC bought a new stake in shares of Hydrofarm Holdings Group in the third quarter worth about $59,000. Institutional investors own 26.61% of the company’s stock.

Analysts Set New Price Targets

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

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.