Hongli Group Inc. (NASDAQ:HLP) Short Interest Update

Hongli Group Inc. (NASDAQ:HLP) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 49,994 shares, a decrease of 22.3% from the January 15th total of 64,361 shares. Based on an average daily trading volume, of 47,055 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 47,055 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Hongli Group stock. Renaissance Technologies LLC bought a new position in shares of Hongli Group Inc. (NASDAQ:HLP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 69,400 shares of the company’s stock, valued at approximately $72,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Hongli Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hongli Group has an average rating of “Sell”.

Hongli Group Trading Up 5.0%

Hongli Group stock traded up $0.06 during midday trading on Friday, reaching $1.20. 298,653 shares of the stock traded hands, compared to its average volume of 129,802. Hongli Group has a fifty-two week low of $0.61 and a fifty-two week high of $1.82. The firm has a fifty day moving average price of $1.02 and a two-hundred day moving average price of $1.12.

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.