Elong Power Holding Limited (NASDAQ:ELPW – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 334,307 shares, an increase of 474.9% from the October 15th total of 58,148 shares. Based on an average trading volume of 3,654,802 shares, the short-interest ratio is currently 0.1 days. Currently, 288.2% of the shares of the company are sold short.
Elong Power Price Performance
NASDAQ ELPW traded up $0.03 during trading hours on Friday, reaching $1.02. The company’s stock had a trading volume of 159,014 shares, compared to its average volume of 764,293. The company’s 50-day moving average is $2.49 and its two-hundred day moving average is $575.48. Elong Power has a fifty-two week low of $0.91 and a fifty-two week high of $54,972.00.
Elong Power (NASDAQ:ELPW – Get Free Report) last announced its quarterly earnings data on Tuesday, October 6th. The company reported $205.69 earnings per share for the quarter. The company had revenue of $1.45 million for the quarter.
Analysts Set New Price Targets
ELPW has been the topic of several analyst reports. Weiss Ratings upgraded shares of Elong Power from a “sell (e)” rating to a “sell (d)” rating in a research report on Tuesday, October 13th. Wall Street Zen downgraded Elong Power from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
View Our Latest Analysis on Elong Power
Elong Power Company Profile
Elong Power Holding Limited is a battery technology company focused on the development and manufacture of lithium-ion battery products. Through its operating subsidiaries, the company serves applications associated with electric mobility, energy storage and other uses that require rechargeable power solutions. Its product offerings include lithium-ion battery cells, battery modules and battery packs, as well as related battery-system solutions. These products are intended for use in areas such as electric vehicles, energy-storage systems, power tools and other equipment requiring portable or stationary electrical power.
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