Short Interest in Hongli Group Inc. (NASDAQ:HLP) Expands By 259.6%

Hongli Group Inc. (NASDAQ:HLP) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 48,900 shares, a growth of 259.6% from the January 31st total of 13,600 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 58,100 shares, the short-interest ratio is presently 0.8 days.

Hongli Group Trading Up 0.8 %

Shares of Hongli Group stock traded up $0.01 during trading on Friday, hitting $1.32. 3,338 shares of the company’s stock traded hands, compared to its average volume of 51,036. Hongli Group has a 1 year low of $0.99 and a 1 year high of $2.25. The business has a 50-day simple moving average of $1.33 and a 200-day simple moving average of $1.42.

About Hongli Group

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.