Hongli Group Inc. (NASDAQ:HLP) Sees Significant Growth in Short Interest

Hongli Group Inc. (NASDAQ:HLP) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 14,100 shares, a growth of 327.3% from the November 30th total of 3,300 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 43,500 shares, the short-interest ratio is currently 0.3 days.

Hongli Group Stock Up 0.8 %

Shares of HLP stock traded up $0.01 during trading hours on Thursday, reaching $1.31. 42,028 shares of the stock were exchanged, compared to its average volume of 157,572. Hongli Group has a 12-month low of $0.99 and a 12-month high of $3.50. The business’s fifty day moving average is $1.27 and its two-hundred day moving average is $1.54.

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.