Short Interest in Elong Power Holding Limited (NASDAQ:ELPW) Drops By 46.2%

Elong Power Holding Limited (NASDAQ:ELPW) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 9,318 shares, a drop of 46.2% from the December 31st total of 17,319 shares. Based on an average daily volume of 91,546 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 91,546 shares, the days-to-cover ratio is presently 0.1 days.

Elong Power Trading Up 3,141.1%

Shares of ELPW stock traded up $13.51 during mid-day trading on Friday, reaching $13.94. The stock had a trading volume of 22,491,312 shares, compared to its average volume of 462,424. The business has a 50-day simple moving average of $2.58 and a 200 day simple moving average of $12.38. Elong Power has a 12-month low of $0.28 and a 12-month high of $129.20.

Key Elong Power News

Here are the key news stories impacting Elong Power this week:

• Positive Sentiment: Strong buying demand and volume surge: ELPW traded with very heavy volume (~22.5M shares vs. a 30‑day average of ~1.58M), consistent with aggressive buying pressure that pushed the stock higher and repeatedly hit exchange volatility bands.
• Neutral Sentiment: Multiple LULD pauses executed: The security experienced numerous Limit Up‑Limit Down (LULD) pauses throughout the session, meaning the stock repeatedly moved outside the predefined price collars and exchanges temporarily halted trading to restore orderly markets. This is a market mechanism rather than a corporate action.
• Neutral Sentiment: No company disclosure tied to the halts (no press release or SEC filing referenced in the halt notices). That leaves the price move driven by market flow/speculative trading rather than an announced corporate event.
• Negative Sentiment: Higher short‑term risk and potential for sharp reversals: Repeated LULD trips and massive volume signal extreme volatility; investors face elevated execution risk, potential wide spreads, and the chance of rapid pullbacks once momentum stalls.
• Negative Sentiment: Technical extremes: ELPW’s 50‑day moving average (~$2.36) is far below the current price while the 200‑day (~$12.67) is near it, indicating a very recent and rapid run‑up that can be followed by mean reversion or profit‑taking.

Analyst Upgrades and Downgrades

ELPW has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Elong Power to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Elong Power in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Elong Power

A hedge fund recently bought a new stake in Elong Power stock. Invesco Ltd. bought a new stake in shares of Elong Power Holding Limited (NASDAQ:ELPW) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 34,808 shares of the company’s stock, valued at approximately $31,000. Invesco Ltd. owned about 0.07% of Elong Power at the end of the most recent quarter. 88.31% of the stock is currently owned by institutional investors.

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.