Short Interest in Hongli Group Inc. (NASDAQ:HLP) Rises By 674.8%

Hongli Group Inc. (NASDAQ:HLP) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 716,162 shares, a growth of 674.8% from the May 31st total of 92,433 shares. Based on an average daily volume of 3,893,555 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Hongli Group in a report on Friday, May 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Hongli Group presently has a consensus rating of “Sell”.

Hongli Group Stock Up 6.0%

Shares of NASDAQ HLP opened at $0.51 on Friday. The firm’s 50 day simple moving average is $0.71 and its 200-day simple moving average is $0.90. Hongli Group has a 12 month low of $0.34 and a 12 month high of $1.72.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hongli Group stock. Renaissance Technologies LLC bought a new position in shares of Hongli Group Inc. (NASDAQ:HLP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 69,400 shares of the company’s stock, valued at approximately $72,000.

Hongli Group Company Profile

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.