Hongli Group Inc. (NASDAQ:HLP) Short Interest Up 168.8% in January

Hongli Group Inc. (NASDAQ:HLP) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 64,361 shares, an increase of 168.8% from the December 31st total of 23,945 shares. Based on an average trading volume of 152,247 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 152,247 shares, the days-to-cover ratio is currently 0.4 days.

Hongli Group Trading Up 3.9%

HLP traded up $0.03 during mid-day trading on Friday, hitting $0.94. The stock had a trading volume of 16,501 shares, compared to its average volume of 100,610. The stock’s fifty day simple moving average is $1.13 and its 200-day simple moving average is $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 upgraded Hongli Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Hongli Group 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.