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

Hongli Group Inc. (NASDAQ:HLP) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 23,100 shares, an increase of 63.8% from the December 15th total of 14,100 shares. Based on an average trading volume of 37,300 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are sold short.

Hongli Group Price Performance

Shares of NASDAQ:HLP traded down $0.02 during trading on Friday, hitting $1.31. The company’s stock had a trading volume of 854 shares, compared to its average volume of 28,150. The company has a 50-day moving average of $1.31 and a 200-day moving average of $1.48. Hongli Group has a 12 month low of $0.99 and a 12 month high of $3.44.

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.