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

Hongli Group Inc. (NASDAQ:HLP) was the target of a significant increase in short interest in 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 company’s stock are short sold. Based on an average daily volume of 37,300 shares, the days-to-cover ratio is presently 0.6 days.

Hongli Group Stock Down 1.2 %

NASDAQ:HLP traded down $0.02 during trading hours on Friday, reaching $1.31. 854 shares of the company traded hands, compared to its average volume of 28,150. The business’s 50-day moving average price is $1.31 and its two-hundred day moving average price is $1.48. Hongli Group has a 1 year low of $0.99 and a 1 year high of $3.44.

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.