Short Interest in Elong Power Holding Limited (NASDAQ:ELPW) Rises By 129.7%

Elong Power Holding Limited (NASDAQ:ELPW) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 102,855 shares, a growth of 129.7% from the March 31st total of 44,781 shares. Based on an average trading volume of 3,094,272 shares, the short-interest ratio is currently 0.0 days. Approximately 16.5% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of research firms have commented on ELPW. Weiss Ratings reissued a “sell (e+)” rating on shares of Elong Power in a report on Friday. Wall Street Zen upgraded shares of Elong Power to a “hold” rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Elong Power Stock Performance

NASDAQ:ELPW opened at $4.30 on Tuesday. Elong Power has a 12-month low of $1.38 and a 12-month high of $10,336.00. The company’s 50-day moving average is $8.95 and its two-hundred day moving average is $171.82.

Institutional Trading of Elong Power

An institutional investor recently bought a new position in Elong Power stock. Invesco Ltd. acquired a new position in shares of Elong Power Holding Limited (NASDAQ:ELPW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 34,808 shares of the company’s stock, valued at approximately $31,000. Invesco Ltd. owned about 0.07% of Elong Power as of its most recent SEC filing. 88.31% of the stock is owned by hedge funds and other institutional investors.

Elong Power Company Profile

Elong Power (NASDAQ: ELPW) is a China-based designer, manufacturer and distributor of high- and medium-voltage electrical equipment used in power transmission and distribution networks. The company’s product portfolio includes gas-insulated switchgear (GIS), metal-enclosed switchgear, load break switches, ring main units (RMUs) and power distribution cabinets, as well as related control and protection systems. Elong Power’s equipment is engineered to facilitate safe and efficient delivery of electricity across urban and rural networks.

In addition to core switchgear products, Elong Power provides turnkey solutions that encompass system design, installation, commissioning and after-sales maintenance.