Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report)’s share price was down 12.5% on Monday . The company traded as low as $4.14 and last traded at $4.0850. Approximately 4,304,247 shares were traded during trading, an increase of 248% from the average daily volume of 1,238,540 shares. The stock had previously closed at $4.67.
Hyliion Stock Down 0.6%
The stock has a market capitalization of $722.81 million, a PE ratio of -11.01 and a beta of 2.59. The stock has a fifty day moving average of $2.16 and a 200-day moving average of $2.05.
Hedge Funds Weigh In On Hyliion
Institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new stake in Hyliion in the fourth quarter valued at approximately $93,000. Headlands Technologies LLC purchased a new position in Hyliion in the second quarter worth approximately $57,000. Banco BTG Pactual S.A. acquired a new position in Hyliion during the 3rd quarter worth approximately $37,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Hyliion in the 1st quarter valued at approximately $26,000. Finally, Renaissance Technologies LLC increased its position in shares of Hyliion by 48.8% in the 1st quarter. Renaissance Technologies LLC now owns 318,600 shares of the company’s stock valued at $561,000 after purchasing an additional 104,500 shares during the last quarter. 22.81% of the stock is owned by institutional investors and hedge funds.
Hyliion Company Profile
Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.
Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.
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