Holley Inc. (NYSE:HLLY) Short Interest Down 16.4% in April

Holley Inc. (NYSE:HLLY) saw a significant decline in short interest in April. As of April 15th, there was short interest totaling 1,698,978 shares, a decline of 16.4% from the March 31st total of 2,032,062 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily volume of 564,039 shares, the days-to-cover ratio is currently 3.0 days.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HLLY. Telsey Advisory Group restated an “outperform” rating and issued a $5.00 target price on shares of Holley in a research note on Thursday, March 5th. DA Davidson set a $4.50 price objective on shares of Holley in a report on Thursday, March 5th. Weiss Ratings upgraded shares of Holley from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday, March 23rd. Finally, Canaccord Genuity Group boosted their target price on shares of Holley from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Holley currently has an average rating of “Moderate Buy” and a consensus target price of $5.00.

Holley Price Performance

Shares of HLLY stock opened at $3.22 on Friday. The firm has a market cap of $389.43 million, a price-to-earnings ratio of 21.47 and a beta of 1.42. Holley has a 12 month low of $1.60 and a 12 month high of $4.48. The company has a quick ratio of 0.96, a current ratio of 2.75 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average price of $3.31 and a 200 day moving average price of $3.67.

Holley (NYSE:HLLY) last issued its earnings results on Wednesday, March 4th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.05). The business had revenue of $155.44 million during the quarter, compared to the consensus estimate of $142.76 million. Holley had a net margin of 3.13% and a return on equity of 4.84%. Research analysts expect that Holley will post 0.33 EPS for the current year.

Institutional Trading of Holley

Large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new position in shares of Holley during the fourth quarter worth about $35,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Holley during the 3rd quarter worth about $34,000. Sherbrooke Park Advisers LLC acquired a new position in Holley during the third quarter valued at approximately $38,000. Cerity Partners LLC bought a new stake in shares of Holley during the 2nd quarter worth approximately $25,000. Finally, ProShare Advisors LLC boosted its holdings in shares of Holley by 37.1% in the 4th quarter. ProShare Advisors LLC now owns 13,961 shares of the company’s stock valued at $58,000 after buying an additional 3,777 shares during the last quarter. 39.70% of the stock is owned by institutional investors.

About Holley

Holley Inc is a designer, manufacturer and marketer of high‐performance automotive products for the enthusiast market. Through its portfolio of well‐known brands, the company develops fuel delivery systems, intake manifolds, ignition components, nitrous oxide systems, digital controls and other engine‐dress accessories tailored to both street and competition applications. Holley’s products are sold through a network of domestic and international distributors, retailers and directly to professional race teams and hobbyists.

The company’s product offerings span mechanical and electronic fuel injection, carburetion, engine management, add‐on power systems and calibration tools.