Elong Power Holding Limited (NASDAQ:ELPW) Short Interest Update

Elong Power Holding Limited (NASDAQ:ELPW) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 9,400 shares, a decrease of 70.8% from the August 31st total of 32,192 shares. Based on an average daily volume of 64,448 shares, the days-to-cover ratio is currently 0.1 days. Currently, 8.1% of the shares of the company are short sold.

Analyst Ratings Changes

ELPW has been the topic of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Elong Power in a research report on Tuesday, July 21st. Wall Street Zen cut shares of Elong Power from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Elong Power Price Performance

Shares of Elong Power stock traded down $0.32 during trading hours on Monday, hitting $2.88. 156,563 shares of the company were exchanged, compared to its average volume of 288,722. The business has a 50-day moving average of $4.86 and a 200-day moving average of $57.19. Elong Power has a 1 year low of $2.42 and a 1 year high of $54,972.00.

Elong Power Company Profile

Elong Power Holding Limited is a battery technology and manufacturing company. Through its operating subsidiaries, the company designs, develops and produces rechargeable lithium-ion batteries and related battery products.

Its product offerings include lithium-ion battery cells, battery packs and battery systems intended for applications such as electric vehicles, energy storage systems and other electronic or industrial uses. The company serves customers primarily through its operations and sales activities in China.

Elong Power Holding Limited is incorporated in the Cayman Islands and operates as a holding company for its battery-related subsidiaries.