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

Hongli Group Inc. (NASDAQ:HLP) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 14,628 shares, a decline of 70.7% from the January 29th total of 49,994 shares. Based on an average daily volume of 187,069 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 187,069 shares, the days-to-cover ratio is currently 0.1 days.

Hongli Group Price Performance

NASDAQ:HLP traded down $0.02 on Friday, reaching $1.05. The stock had a trading volume of 75,330 shares, compared to its average volume of 126,952. Hongli Group has a 12-month low of $0.61 and a 12-month high of $1.82. The firm’s fifty day moving average is $0.98 and its two-hundred day moving average is $1.15.

Institutional Trading of Hongli Group

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Hongli Group from a “hold (c-)” rating to a “sell (d+)” rating in a research 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”.

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.