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

Hongli Group Inc. (NASDAQ:HLPGet Free Report) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 8,627 shares, a decrease of 78.0% from the April 15th total of 39,229 shares. Based on an average daily volume of 175,220 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Hongli Group

An institutional investor recently bought a new position in Hongli Group stock. Renaissance Technologies LLC purchased a new position in shares of Hongli Group Inc. (NASDAQ:HLPFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 69,400 shares of the company’s stock, valued at approximately $72,000.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hongli Group in a research report on Friday, May 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Read Our Latest Analysis on HLP

Hongli Group Stock Performance

Shares of HLP traded up $0.23 during trading hours on Wednesday, hitting $1.17. 1,047,563 shares of the company were exchanged, compared to its average volume of 160,085. The firm’s 50 day moving average is $0.96 and its 200-day moving average is $1.12. Hongli Group has a 52 week low of $0.61 and a 52 week high of $1.72.

Hongli Group Company Profile

(Get Free Report)

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.

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