Short Interest in Hongli Group Inc. (NASDAQ:HLP) Expands By 11.9%

Hongli Group Inc. (NASDAQ:HLP) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 44,200 shares, a growth of 11.9% from the September 15th total of 39,500 shares. Based on an average daily volume of 25,300 shares, the short-interest ratio is presently 1.7 days. Currently, 0.9% of the shares of the company are short sold.

Hongli Group Stock Performance

NASDAQ HLP traded down $0.04 during trading on Tuesday, reaching $1.25. The company’s stock had a trading volume of 16,682 shares, compared to its average volume of 186,659. Hongli Group has a 12 month low of $0.72 and a 12 month high of $5.54. The firm has a 50 day moving average price of $1.68 and a 200 day moving average price of $1.64.

Hongli Group Company Profile

Hongli Group Inc, through its subsidiaries, designs, customizes, manufactures, and sells cold roll formed steel profiles for machinery and equipment in the People's Republic of China, South Korea, Japan, the United States, and Sweden. It serves mining and excavation, construction, agriculture, and transportation industries.