Hyliion Holdings Corp. (NYSE:HYLN) Short Interest Up 7.1% in November

Hyliion Holdings Corp. (NYSE:HYLN) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 12,080,000 shares, a growth of 7.1% from the October 31st total of 11,280,000 shares. Based on an average daily trading volume, of 1,090,000 shares, the days-to-cover ratio is currently 11.1 days. Currently, 10.2% of the shares of the company are sold short.

Hyliion Stock Performance

NYSE:HYLN opened at $3.29 on Thursday. The firm has a market capitalization of $571.57 million, a price-to-earnings ratio of -8.89 and a beta of 2.03. Hyliion has a 52-week low of $0.58 and a 52-week high of $4.09. The stock has a fifty day moving average of $2.74 and a 200 day moving average of $2.15.

Analyst Ratings Changes

HYLN has been the subject of several recent research reports. Northland Capmk upgraded Hyliion to a “hold” rating in a research report on Tuesday, October 1st. Northland Securities lifted their price objective on Hyliion from $1.50 to $2.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th.

Insiders Place Their Bets

In other news, Director Vincent T. Cubbage sold 65,000 shares of Hyliion stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $3.90, for a total value of $253,500.00. Following the completion of the transaction, the director now directly owns 972,078 shares in the company, valued at approximately $3,791,104.20. The trade was a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Craig purchased 50,000 shares of Hyliion stock in a transaction dated Wednesday, November 20th. The stock was bought at an average price of $2.95 per share, with a total value of $147,500.00. Following the completion of the transaction, the director now owns 282,060 shares of the company’s stock, valued at $832,077. This represents a 21.55 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 20.40% of the company’s stock.

Institutional Investors Weigh In On Hyliion

Large investors have recently added to or reduced their stakes in the business. Creative Planning bought a new stake in Hyliion during the third quarter valued at $29,000. XTX Topco Ltd bought a new stake in Hyliion during the third quarter worth about $60,000. AQR Capital Management LLC bought a new stake in Hyliion during the second quarter worth about $40,000. Intech Investment Management LLC bought a new stake in Hyliion during the third quarter worth about $77,000. Finally, Verition Fund Management LLC lifted its stake in Hyliion by 52.9% during the third quarter. Verition Fund Management LLC now owns 33,700 shares of the company’s stock worth $84,000 after purchasing an additional 11,653 shares during the last quarter. Institutional investors own 22.81% of the company’s stock.

Hyliion Company Profile