Hebron Technology Co Ltd (NASDAQ:HEBT) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 738,500 shares, an increase of 18.9% from the January 15th total of 621,200 shares. Based on an average daily trading volume, of 138,400 shares, the short-interest ratio is presently 5.3 days. Approximately 12.2% of the shares of the stock are short sold.
Shares of HEBT traded up $0.10 during mid-day trading on Friday, reaching $6.30. The company had a trading volume of 53,476 shares, compared to its average volume of 125,919. Hebron Technology has a twelve month low of $0.60 and a twelve month high of $9.00. The company’s 50-day moving average is $6.51 and its 200-day moving average is $4.77.
Several institutional investors and hedge funds have recently modified their holdings of HEBT. Virtu Financial LLC raised its holdings in shares of Hebron Technology by 66.0% in the 3rd quarter. Virtu Financial LLC now owns 27,371 shares of the industrial products company’s stock worth $123,000 after buying an additional 10,887 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Hebron Technology by 67.0% in the 4th quarter. Renaissance Technologies LLC now owns 228,986 shares of the industrial products company’s stock worth $1,328,000 after buying an additional 91,900 shares in the last quarter. Oxford Asset Management LLP acquired a new position in shares of Hebron Technology in the 4th quarter worth approximately $111,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Hebron Technology in the 4th quarter worth approximately $289,000. 1.02% of the stock is owned by institutional investors and hedge funds.
Hebron Technology Company Profile
Hebron Technology Co, Ltd., through its subsidiaries, engages in the research, development, manufacture, and installation of valves, pipe fittings, and other products primarily for use in pharmaceutical engineering sector in the People's Republic of China. The company offers diaphragm valves, angle seat valves, sanitary centrifugal and liquid-ring pumps, clean-in-place return pumps, sanitary ball valves, and sanitary pipe fittings.
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