Hongli Group Inc. (NASDAQ:HLP) Sees Large Increase in Short Interest

Hongli Group Inc. (NASDAQ:HLP) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 23,100 shares, an increase of 63.8% from the December 15th total of 14,100 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 37,300 shares, the days-to-cover ratio is presently 0.6 days.

Hongli Group Trading Down 1.1 %

Hongli Group stock traded down $0.02 during trading hours on Friday, hitting $1.32. The stock had a trading volume of 897 shares, compared to its average volume of 28,154. Hongli Group has a fifty-two week low of $0.99 and a fifty-two week high of $3.44. The company has a 50-day moving average of $1.31 and a two-hundred day moving average of $1.48.

About Hongli Group

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.