Hongli Group Inc. (NASDAQ:HLP) Sees Large Decline in Short Interest

Hongli Group Inc. (NASDAQ:HLP) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 26,700 shares, a drop of 45.4% from the February 13th total of 48,900 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 56,600 shares, the short-interest ratio is currently 0.5 days.

Hongli Group Price Performance

Shares of NASDAQ HLP traded up $0.01 during midday trading on Friday, hitting $1.34. 12,852 shares of the company’s stock traded hands, compared to its average volume of 59,587. The firm has a fifty day moving average of $1.32 and a 200 day moving average of $1.40. Hongli Group has a 1 year low of $0.99 and a 1 year high of $2.25.

Hongli Group Company Profile

Hongli Group Inc, through its subsidiaries, designs, customizes, manufactures, and sells cold roll formed steel profiles for machinery and equipment in the People's Republic of China, South Korea, Japan, the United States, and Sweden. It serves mining and excavation, construction, agriculture, and transportation industries.