Elong Power Holding Limited (NASDAQ:ELPW) Short Interest Update

Elong Power Holding Limited (NASDAQ:ELPW) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 631,095 shares, a drop of 49.5% from the February 12th total of 1,250,328 shares. Currently, 20.8% of the shares of the stock are short sold. Based on an average daily volume of 13,543,923 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 13,543,923 shares, the days-to-cover ratio is currently 0.0 days. Currently, 20.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Elong Power stock. Invesco Ltd. purchased a new stake in shares of Elong Power Holding Limited (NASDAQ:ELPW) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 34,808 shares of the company’s stock, valued at approximately $31,000. Invesco Ltd. owned about 0.07% of Elong Power at the end of the most recent reporting period. Institutional investors and hedge funds own 88.31% of the company’s stock.

Elong Power Price Performance

Shares of NASDAQ ELPW traded down $0.59 during mid-day trading on Thursday, hitting $3.59. The stock had a trading volume of 2,439,231 shares, compared to its average volume of 80,410,008. Elong Power has a twelve month low of $3.06 and a twelve month high of $10,336.00. The company has a 50 day moving average of $96.48 and a two-hundred day moving average of $265.59.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Elong Power in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Elong Power

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.