Hongli Group Inc. (NASDAQ:HLP) Short Interest Down 74.0% in October

Hongli Group Inc. (NASDAQ:HLP) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 11,500 shares, a decline of 74.0% from the September 30th total of 44,200 shares. Based on an average daily trading volume, of 22,100 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

Hongli Group Price Performance

Shares of NASDAQ HLP traded down $0.02 during mid-day trading on Friday, reaching $1.15. The company had a trading volume of 4,962 shares, compared to its average volume of 179,629. The stock has a fifty day moving average of $1.63 and a two-hundred day moving average of $1.64. Hongli Group has a 12-month low of $0.72 and a 12-month high of $5.54.

About Hongli Group

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.