Short Interest in Hongli Group Inc. (NASDAQ:HLP) Expands By 259.6%

Hongli Group Inc. (NASDAQ:HLP) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 48,900 shares, a growth of 259.6% from the January 31st total of 13,600 shares. Based on an average daily trading volume, of 58,100 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the shares of the company are short sold.

Hongli Group Stock Up 0.8 %

Shares of NASDAQ HLP traded up $0.01 during trading on Friday, hitting $1.32. The company had a trading volume of 3,338 shares, compared to its average volume of 51,036. The stock has a 50 day simple moving average of $1.33 and a 200 day simple moving average of $1.42. Hongli Group has a 12 month low of $0.99 and a 12 month high of $2.25.

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.