Hongli Group Inc. (NASDAQ:HLP) Short Interest Down 45.4% in February

Hongli Group Inc. (NASDAQ:HLP) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 26,700 shares, a decrease of 45.4% from the February 13th total of 48,900 shares. Based on an average daily volume of 56,600 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.

Hongli Group Trading Up 0.4 %

NASDAQ HLP traded up $0.01 on Friday, hitting $1.34. The company’s stock had a trading volume of 12,852 shares, compared to its average volume of 59,587. Hongli Group has a 1-year low of $0.99 and a 1-year high of $2.25. The company’s 50-day moving average is $1.32 and its 200 day moving average is $1.40.

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.