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

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

Hongli Group Price Performance

Shares of HLP traded down $0.09 during mid-day trading on Monday, hitting $1.15. The stock had a trading volume of 31,426 shares, compared to its average volume of 132,148. The company’s fifty day simple moving average is $1.46 and its two-hundred day simple moving average is $1.09. Hongli Group has a fifty-two week low of $0.61 and a fifty-two week high of $1.82.

Analyst Ratings Changes

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

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.