Short Interest in Hochschild Mining plc (OTCMKTS:HCHDF) Declines By 8.9%

Hochschild Mining plc (OTCMKTS:HCHDF) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 62,800 shares, a decline of 8.9% from the August 15th total of 68,900 shares. Based on an average trading volume of 52,600 shares, the short-interest ratio is presently 1.2 days.

Hochschild Mining Price Performance

Shares of HCHDF traded down $0.06 during mid-day trading on Tuesday, hitting $1.10. 1,666 shares of the company traded hands, compared to its average volume of 22,642. The business has a 50-day moving average of $1.05 and a 200 day moving average of $0.99. Hochschild Mining has a one year low of $0.54 and a one year high of $1.20.

Wall Street Analyst Weigh In

A number of research firms recently commented on HCHDF. Berenberg Bank increased their price target on Hochschild Mining from GBX 100 ($1.24) to GBX 130 ($1.61) in a research report on Wednesday, August 23rd. JPMorgan Chase & Co. decreased their target price on Hochschild Mining from GBX 160 ($1.98) to GBX 155 ($1.92) in a report on Wednesday, July 26th.

About Hochschild Mining

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver in the Americas. The company holds 100% interests in the Inmaculada gold/silver underground operation and Pallancata silver/gold property, which are located in the Department of Ayacucho in southern Peru.