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

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

Hongli Group Price Performance

HLP stock traded down $0.09 during trading on Tuesday, reaching $1.06. 24,850 shares of the stock were exchanged, compared to its average volume of 131,712. The business has a 50 day moving average price of $1.45 and a 200-day moving average price of $1.09. Hongli Group has a 1 year low of $0.61 and a 1 year high of $1.82.

Analysts Set New Price Targets

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

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.