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

Hongli Group Inc. (NASDAQ:HLP) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totalling 26,000 shares, a growth of 13.5% from the July 31st total of 22,900 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 43,300 shares, the days-to-cover ratio is currently 0.6 days.

Hongli Group Price Performance

NASDAQ HLP traded up $0.10 during trading on Monday, hitting $2.10. The company’s stock had a trading volume of 71,800 shares, compared to its average volume of 215,166. Hongli Group has a fifty-two week low of $0.72 and a fifty-two week high of $5.54. The business’s 50 day simple moving average is $1.67 and its 200-day simple moving average is $1.60.

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.