Hongli Group Inc. (NASDAQ:HLP) Sees Large Increase in Short Interest

Hongli Group Inc. (NASDAQ:HLP) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 18,436 shares, a growth of 26.0% from the February 12th total of 14,628 shares. Based on an average daily trading volume, of 109,711 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 109,711 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Hongli Group stock. Renaissance Technologies LLC bought a new position in shares of Hongli Group Inc. (NASDAQ:HLP) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 69,400 shares of the company’s stock, valued at approximately $72,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Hongli Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Hongli Group Stock Performance

NASDAQ:HLP traded down $0.02 during trading hours on Friday, hitting $1.03. The company’s stock had a trading volume of 13,050 shares, compared to its average volume of 114,746. The stock has a fifty day moving average of $0.96 and a 200-day moving average of $1.18. Hongli Group has a 52-week low of $0.61 and a 52-week high of $1.82.

Hongli Group Company Profile

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.