Short Interest in Hongli Group Inc. (NASDAQ:HLP) Grows By 42.1%

Hongli Group Inc. (NASDAQ:HLP) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 39,500 shares, a growth of 42.1% from the August 31st total of 27,800 shares. Based on an average daily volume of 26,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.8% of the shares of the stock are short sold.

Hongli Group Price Performance

Shares of HLP stock traded down $0.09 during mid-day trading on Friday, hitting $1.72. The stock had a trading volume of 11,051 shares, compared to its average volume of 196,508. Hongli Group has a 12-month low of $0.72 and a 12-month high of $5.54. The firm’s 50-day moving average is $1.70 and its two-hundred day moving average is $1.63.

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.