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

Hongli Group Inc. (NASDAQ:HLP) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 18,436 shares, a growth of 26.0% from the February 12th total of 14,628 shares. Based on an average daily volume of 109,711 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 109,711 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Hongli Group

An institutional investor recently bought a new position in Hongli Group stock. Goldman Sachs Group Inc. purchased a new position in shares of Hongli Group Inc. (NASDAQ:HLP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 26,154 shares of the company’s stock, valued at approximately $27,000.

Analyst Upgrades and Downgrades

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

Hongli Group Price Performance

Shares of HLP stock traded up $0.02 during trading hours on Tuesday, hitting $1.06. 2,249 shares of the company’s stock traded hands, compared to its average volume of 110,770. The stock’s 50 day simple moving average is $0.96 and its 200 day simple moving average is $1.18. Hongli Group has a 12 month low of $0.61 and a 12 month high of $1.82.

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.