Hongli Group Inc. (NASDAQ:HLP) Short Interest Update
by Scott Moore · The Cerbat GemHongli Group Inc. (NASDAQ:HLP – Get Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 8,627 shares, a decline 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 currently 0.0 days.
Institutional Trading of Hongli Group
A hedge fund recently bought a new stake in Hongli Group stock. Renaissance Technologies LLC acquired a new position in shares of Hongli Group Inc. (NASDAQ:HLP – Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 69,400 shares of the company’s stock, valued at approximately $72,000.
Hongli Group Stock Performance
NASDAQ HLP traded down $0.03 during trading on Friday, reaching $1.00. The company’s stock had a trading volume of 542,922 shares, compared to its average volume of 194,156. The firm has a 50 day moving average price of $0.96 and a 200 day moving average price of $1.12. Hongli Group has a 12 month low of $0.61 and a 12 month high of $1.72.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Hongli Group in a report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Read Our Latest Stock Report on Hongli Group
About Hongli Group
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.