Short Interest in Elong Power Holding Limited (NASDAQ:ELPW) Increases By 143.4%

Elong Power Holding Limited (NASDAQ:ELPWGet Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,401,895 shares, an increase of 143.4% from the June 30th total of 576,022 shares. Approximately 26.7% of the shares of the company are short sold. Based on an average daily trading volume, of 31,885,623 shares, the days-to-cover ratio is currently 0.0 days.

Elong Power Stock Performance

Shares of Elong Power stock opened at $0.20 on Tuesday. Elong Power has a one year low of $0.19 and a one year high of $5,696.00. The firm has a fifty day moving average of $0.77 and a two-hundred day moving average of $34.07.

Elong Power (NASDAQ:ELPWGet Free Report) last issued its quarterly earnings data on Monday, April 20th. The company reported ($71.57) earnings per share (EPS) for the quarter. The company had revenue of $0.92 million during the quarter.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Elong Power from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Elong Power in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Check Out Our Latest Analysis on Elong Power

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Elong Power stock. Invesco Ltd. purchased a new position in shares of Elong Power Holding Limited (NASDAQ:ELPWFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 34,808 shares of the company’s stock, valued at approximately $31,000. Invesco Ltd. owned approximately 0.07% of Elong Power as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 88.31% of the company’s stock.

Elong Power Company Profile

(Get Free Report)

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.

Further Reading

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