Elong Power Holding Limited (NASDAQ:ELPW) Short Interest Down 33.7% in December

Elong Power Holding Limited (NASDAQ:ELPW) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 77,592 shares, a decrease of 33.7% from the November 30th total of 117,095 shares. Based on an average trading volume of 218,742 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 218,742 shares, the short-interest ratio is presently 0.4 days.

Elong Power Price Performance

ELPW stock traded up $0.19 during midday trading on Monday, hitting $2.09. 112,299 shares of the company’s stock were exchanged, compared to its average volume of 99,992. Elong Power has a 1-year low of $1.73 and a 1-year high of $129.20. The business has a 50-day simple moving average of $0.27 and a two-hundred day simple moving average of $1.00.

Institutional Investors Weigh In On Elong Power

An institutional investor recently bought a new position in Elong Power stock. Invesco Ltd. acquired a new position in shares of Elong Power Holding Limited (NASDAQ:ELPW) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 34,808 shares of the company’s stock, valued at approximately $31,000. Invesco Ltd. owned 0.07% of Elong Power as of its most recent filing with the SEC. 88.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ELPW. Weiss Ratings restated a “sell (e+)” rating on shares of Elong Power in a report on Wednesday, October 8th. Wall Street Zen raised Elong Power to a “hold” rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

About Elong Power

Elong Power (NASDAQ: ELPW) is a China-based designer, manufacturer and distributor of high- and medium-voltage electrical equipment used in power transmission and distribution networks. The company’s product portfolio includes gas-insulated switchgear (GIS), metal-enclosed switchgear, load break switches, ring main units (RMUs) and power distribution cabinets, as well as related control and protection systems. Elong Power’s equipment is engineered to facilitate safe and efficient delivery of electricity across urban and rural networks.

In addition to core switchgear products, Elong Power provides turnkey solutions that encompass system design, installation, commissioning and after-sales maintenance.