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 February. As of February 27th, there was short interest totaling 18,436 shares, an increase of 26.0% from the February 12th total of 14,628 shares. Based on an average trading volume of 109,711 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 109,711 shares, the short-interest ratio is currently 0.2 days.

Hongli Group Stock Performance

Shares of NASDAQ:HLP traded down $0.02 during trading on Friday, hitting $1.03. The company’s stock had a trading volume of 13,050 shares, compared to its average volume of 114,746. Hongli Group has a fifty-two week low of $0.61 and a fifty-two week high of $1.82. The business has a 50 day moving average price of $0.96 and a two-hundred day moving average price of $1.18.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Hongli Group stock. Renaissance Technologies LLC purchased a new stake in Hongli Group Inc. (NASDAQ:HLP) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 69,400 shares of the company’s stock, valued at approximately $72,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Hongli Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Hongli Group presently has a consensus rating of “Sell”.

Hongli Group Company Profile

Hongli Group (NASDAQ: HLP) is a China-based manufacturer specializing in high-performance polyethylene separator membranes for lithium-ion batteries. The company develops, produces and distributes microporous membrane products designed to enhance battery safety, efficiency and life span. Its core separators find application in electric vehicles, consumer electronics, energy storage systems and power tools.

Leveraging in-house research and development capabilities, Hongli Group continually refines its production processes and membrane formulations.