Holley Inc. (NYSE:HLLY) Short Interest Update

Holley Inc. (NYSE:HLLY) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 2,040,000 shares, a growth of 5.7% from the January 15th total of 1,930,000 shares. Currently, 3.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 430,200 shares, the days-to-cover ratio is presently 4.7 days.

Holley Stock Up 1.9 %

Shares of HLLY opened at $2.90 on Wednesday. The business’s fifty day moving average price is $2.95 and its two-hundred day moving average price is $2.95. The firm has a market capitalization of $346.82 million, a price-to-earnings ratio of 22.27 and a beta of 1.42. Holley has a 52 week low of $2.29 and a 52 week high of $4.87. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.17 and a current ratio of 2.93.

Analyst Ratings Changes

Separately, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $4.50 price target on shares of Holley in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Holley has an average rating of “Moderate Buy” and an average target price of $6.63.

Insiders Place Their Bets

In other Holley news, Director David S. Lobel sold 1,743,356 shares of Holley stock in a transaction on Monday, December 16th. The stock was sold at an average price of $3.00, for a total value of $5,230,068.00. Following the completion of the transaction, the director now owns 41,556,961 shares in the company, valued at approximately $124,670,883. The trade was a 4.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On Holley

Hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC lifted its position in Holley by 112.9% during the 4th quarter. Squarepoint Ops LLC now owns 46,636 shares of the company’s stock valued at $141,000 after purchasing an additional 24,733 shares during the period. ProShare Advisors LLC bought a new stake in shares of Holley during the fourth quarter worth approximately $40,000. Mink Brook Asset Management LLC acquired a new position in Holley in the fourth quarter valued at approximately $1,666,000. Graham Capital Management L.P. acquired a new position in Holley in the fourth quarter valued at approximately $105,000. Finally, Bridgeway Capital Management LLC boosted its stake in Holley by 2.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 573,228 shares of the company’s stock valued at $1,731,000 after acquiring an additional 12,955 shares during the last quarter. Institutional investors own 39.70% of the company’s stock.

Holley Company Profile

Holley Inc operates as designer, manufacturer, and marketer of automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. Its products span various automotive platforms and sells across multiple channels. The company's performance automotive products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products; and exhaust products, as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.