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

Hongli Group Inc. (NASDAQ:HLP) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 10,200 shares, a decrease of 11.3% from the October 15th total of 11,500 shares. Based on an average trading volume of 23,500 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Hongli Group Price Performance

NASDAQ HLP traded up $0.03 on Friday, hitting $1.13. 24,855 shares of the stock traded hands, compared to its average volume of 168,680. The business’s fifty day moving average is $1.43 and its two-hundred day moving average is $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.