Elong Power Holding Limited (NASDAQ:ELPW) Stock Short Interest Report for September

Elong Power Holding Limited (NASDAQ:ELPW – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 62,884 shares, an increase of 569.0% from the September 15th total of 9,400 shares. Based on an average daily volume of 824,970 shares, the short-interest ratio is presently 0.1 days. Currently, 54.2% of the company’s shares are short sold.

Elong Power Trading Up 3.4%

NASDAQ:ELPW opened at $2.71 on Friday. Elong Power has a 12-month low of $2.42 and a 12-month high of $54,972.00. The stock has a fifty day moving average price of $3.50 and a 200 day moving average price of $47.65.

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Elong Power (NASDAQ:ELPW – Get Free Report) last released its earnings results on Tuesday, October 6th. The company reported $205.69 earnings per share for the quarter. The firm had revenue of $1.45 million for the quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Elong Power from a “sell (e+)” rating to a “sell (e)” rating in a report on Monday, September 28th. Wall Street Zen lowered Elong Power from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.

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About Elong Power

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Elong Power Holding Limited is a China-based battery technology company focused on the development, manufacture and sale of lithium-ion batteries and related battery systems. The company operates through subsidiaries and serves markets that require rechargeable energy-storage solutions.

Its product offerings include lithium-ion battery cells, modules and battery packs, which may be used in electric vehicles, energy-storage systems and other applications requiring portable or stationary power.

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