Short Interest in Elong Power Holding Limited (NASDAQ:ELPW) Increases By 146.1%
by Scott Moore · The Cerbat GemElong Power Holding Limited (NASDAQ:ELPW – Get Free Report) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 253,177 shares, a growth of 146.1% from the April 15th total of 102,855 shares. Based on an average trading volume of 14,741,555 shares, the short-interest ratio is currently 0.0 days. Approximately 40.6% of the shares of the company are sold short.
Elong Power Price Performance
Shares of NASDAQ ELPW traded down $0.94 during trading on Friday, hitting $1.00. 8,551,694 shares of the company were exchanged, compared to its average volume of 3,300,170. Elong Power has a 1 year low of $0.76 and a 1 year high of $10,336.00. The firm’s fifty day moving average price is $3.29 and its 200 day moving average price is $134.69.
Elong Power (NASDAQ:ELPW – Get Free Report) last announced its quarterly earnings data on Monday, April 20th. The company reported ($71.57) EPS for the quarter. The company had revenue of $0.92 million for the quarter.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on ELPW. Weiss Ratings reissued a “sell (e+)” rating on shares of Elong Power in a report on Friday, April 24th. Wall Street Zen upgraded Elong Power to a “hold” rating in a research report on Saturday, March 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.
View Our Latest Stock Report on ELPW
Institutional Investors 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 – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 34,808 shares of the company’s stock, valued at approximately $31,000. Invesco Ltd. owned approximately 0.07% of Elong Power at the end of the most recent quarter. Hedge funds and other institutional investors own 88.31% of the company’s stock.
Elong Power Company Profile
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.