Short Interest in Hongli Group Inc. (NASDAQ:HLP) Drops By 45.4%

Hongli Group Inc. (NASDAQ:HLP) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 26,700 shares, a decline of 45.4% from the February 13th total of 48,900 shares. Based on an average trading volume of 56,600 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short.

Hongli Group Trading Up 0.4 %

Shares of NASDAQ:HLP traded up $0.01 during midday trading on Friday, hitting $1.34. 8,089 shares of the company’s stock were exchanged, compared to its average volume of 59,330. The stock has a 50 day moving average price of $1.33 and a 200-day moving average price of $1.41. Hongli Group has a 12 month low of $0.99 and a 12 month high of $2.25.

Hongli Group Company Profile

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.