Elong Power Holding Limited (NASDAQ:ELPW) Short Interest Update

Elong Power Holding Limited (NASDAQ:ELPW) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 9,400 shares, a drop of 70.8% from the August 31st total of 32,192 shares. Based on an average daily trading volume, of 64,448 shares, the days-to-cover ratio is presently 0.1 days. Currently, 8.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

ELPW has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Elong Power in a report on Tuesday, July 21st. Wall Street Zen cut shares of Elong Power from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Elong Power Price Performance

Shares of ELPW stock traded up $0.51 on Friday, hitting $3.19. 8,508,097 shares of the company’s stock were exchanged, compared to its average volume of 52,164. The company has a 50 day moving average of $4.86 and a 200 day moving average of $57.19. Elong Power has a 12 month low of $2.42 and a 12 month high of $54,972.00.

Elong Power Company Profile

Elong Power Holding Limited is a battery technology and manufacturing company. Through its operating subsidiaries, the company designs, develops and produces rechargeable lithium-ion batteries and related battery products.

Its product offerings include lithium-ion battery cells, battery packs and battery systems intended for applications such as electric vehicles, energy storage systems and other electronic or industrial uses. The company serves customers primarily through its operations and sales activities in China.

Elong Power Holding Limited is incorporated in the Cayman Islands and operates as a holding company for its battery-related subsidiaries.