Hongli Group Inc. (NASDAQ:HLP) Short Interest Down 38.3% in December

Hongli Group Inc. (NASDAQ:HLP) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 24,587 shares, a decline of 38.3% from the November 30th total of 39,857 shares. Based on an average daily volume of 65,431 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 65,431 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Hongli Group in a research report on Monday, December 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Hongli Group Price Performance

HLP stock traded up $0.01 during trading on Friday, reaching $1.25. 17,019 shares of the stock traded hands, compared to its average volume of 132,561. Hongli Group has a 52-week low of $0.61 and a 52-week high of $1.82. The business’s 50 day moving average price is $1.46 and its 200-day moving average price is $1.08.

Hongli Group Company Profile

Hongli Group (NASDAQ: HLP) is a China-based manufacturer specializing in high-performance polyethylene separator membranes for lithium-ion batteries. The company develops, produces and distributes microporous membrane products designed to enhance battery safety, efficiency and life span. Its core separators find application in electric vehicles, consumer electronics, energy storage systems and power tools.

Leveraging in-house research and development capabilities, Hongli Group continually refines its production processes and membrane formulations.