Elong Power Holding Limited (NASDAQ:ELPW – Get Free Report) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 9,400 shares, a drop of 70.8% from the August 31st total of 32,192 shares. Based on an average trading volume of 64,448 shares, the days-to-cover ratio is currently 0.1 days. Approximately 8.1% of the shares of the stock are short sold.
Wall Street Analysts Forecast Growth
Several research firms have commented on ELPW. Weiss Ratings reiterated a “sell (e+)” rating on shares of Elong Power in a research report on Tuesday, July 21st. Wall Street Zen cut Elong Power from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Elong Power has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on ELPW
Elong Power Trading Up 19.0%
About Elong Power
Elong Power Holding Limited is a battery technology and manufacturing company. Through its operating subsidiaries, the company designs, develops and produces rechargeable lithium-ion batteries and related battery products.
Its product offerings include lithium-ion battery cells, battery packs and battery systems intended for applications such as electric vehicles, energy storage systems and other electronic or industrial uses. The company serves customers primarily through its operations and sales activities in China.
Elong Power Holding Limited is incorporated in the Cayman Islands and operates as a holding company for its battery-related subsidiaries.
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