Hyliion Holdings Corp. (NYSE:HYLN) Short Interest Update

Hyliion Holdings Corp. (NYSE:HYLN) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 13,330,000 shares, an increase of 7.2% from the November 30th total of 12,430,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the short-interest ratio is currently 10.4 days. Approximately 11.3% of the company’s stock are sold short.

Insider Activity

In related news, Director Jeffrey A. Craig bought 50,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average cost of $2.95 per share, with a total value of $147,500.00. Following the completion of the purchase, the director now owns 282,060 shares in the company, valued at approximately $832,077. The trade was a 21.55 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vincent T. Cubbage sold 65,000 shares of Hyliion stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $3.90, for a total value of $253,500.00. Following the completion of the transaction, the director now directly owns 972,078 shares of the company’s stock, valued at approximately $3,791,104.20. This represents a 6.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 20.40% of the company’s stock.

Hedge Funds Weigh In On Hyliion

Several hedge funds and other institutional investors have recently bought and sold shares of HYLN. Millennium Management LLC grew its stake in shares of Hyliion by 64.8% in the second quarter. Millennium Management LLC now owns 4,735,608 shares of the company’s stock worth $7,672,000 after acquiring an additional 1,861,497 shares during the period. HITE Hedge Asset Management LLC boosted its holdings in Hyliion by 130.6% in the third quarter. HITE Hedge Asset Management LLC now owns 933,659 shares of the company’s stock worth $2,315,000 after purchasing an additional 528,750 shares during the last quarter. Barclays PLC grew its position in Hyliion by 272.1% in the 3rd quarter. Barclays PLC now owns 184,685 shares of the company’s stock worth $459,000 after purchasing an additional 135,055 shares during the period. Jane Street Group LLC raised its stake in Hyliion by 79.3% during the 3rd quarter. Jane Street Group LLC now owns 265,302 shares of the company’s stock valued at $658,000 after buying an additional 117,358 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Hyliion by 9.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 574,988 shares of the company’s stock valued at $931,000 after buying an additional 51,794 shares during the period. Institutional investors own 22.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Northland Capmk raised shares of Hyliion to a “hold” rating in a research report on Tuesday, October 1st.

Hyliion Stock Performance

Shares of HYLN stock traded down $0.08 during mid-day trading on Wednesday, hitting $2.61. The company’s stock had a trading volume of 1,101,827 shares, compared to its average volume of 1,027,766. Hyliion has a 52-week low of $0.80 and a 52-week high of $4.09. The stock has a market cap of $453.45 million, a price-to-earnings ratio of -7.05 and a beta of 2.03. The business has a 50-day moving average price of $2.90 and a 200 day moving average price of $2.34.

About Hyliion