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

Hongli Group Inc. (NASDAQ:HLP) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 39,500 shares, a growth of 42.1% from the August 31st total of 27,800 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 26,000 shares, the short-interest ratio is currently 1.5 days.

Hongli Group Stock Performance

Shares of HLP traded down $0.09 during trading hours on Friday, reaching $1.72. The company had a trading volume of 11,051 shares, compared to its average volume of 196,508. The firm has a 50 day simple moving average of $1.70 and a 200-day simple moving average of $1.63. Hongli Group has a 12-month low of $0.72 and a 12-month high of $5.54.

About Hongli Group

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.