Hongli Group Inc. (NASDAQ:HLP) Sees Significant Drop in Short Interest

Hongli Group Inc. (NASDAQ:HLP) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 1,700 shares, a decrease of 92.4% from the March 31st total of 22,300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 55,000 shares, the short-interest ratio is currently 0.0 days.

Hongli Group Stock Up 10.6 %

Hongli Group stock opened at $1.04 on Monday. The firm’s 50 day simple moving average is $1.21 and its 200 day simple moving average is $1.26. Hongli Group has a 1-year low of $0.87 and a 1-year high of $2.25.

About Hongli Group

Hongli Group Inc, through its subsidiaries, designs, customizes, manufactures, and sells cold roll formed steel profiles for machinery and equipment in the People's Republic of China, South Korea, Japan, the United States, and Sweden. It serves mining and excavation, construction, agriculture, and transportation industries.