Hongli Group Inc. (NASDAQ:HLP) Short Interest Update

Hongli Group Inc. (NASDAQ:HLP) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 14,100 shares, a growth of 327.3% from the November 30th total of 3,300 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 43,500 shares, the short-interest ratio is currently 0.3 days.

Hongli Group Stock Performance

Shares of NASDAQ:HLP traded up $0.01 during midday trading on Thursday, hitting $1.31. 42,028 shares of the company’s stock traded hands, compared to its average volume of 157,572. The firm’s fifty day moving average price is $1.27 and its two-hundred day moving average price is $1.54. Hongli Group has a twelve month low of $0.99 and a twelve month high of $3.50.

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.