Hongli Group Inc. (NASDAQ:HLP) Short Interest Up 168.8% in January

Hongli Group Inc. (NASDAQ:HLP) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 64,361 shares, an increase of 168.8% from the December 31st total of 23,945 shares. Based on an average daily trading volume, of 152,247 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 152,247 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Hongli Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Hongli Group presently has an average rating of “Hold”.

Hongli Group Trading Up 2.4%

Shares of NASDAQ HLP traded up $0.02 during midday trading on Thursday, reaching $0.91. The company had a trading volume of 8,474 shares, compared to its average volume of 104,590. Hongli Group has a 1 year low of $0.61 and a 1 year high of $1.82. The business’s 50-day simple moving average is $1.15 and its 200 day simple moving average is $1.09.

About Hongli Group

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.