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

Hongli Group Inc. (NASDAQ:HLP) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 8,627 shares, a decline of 78.0% from the April 15th total of 39,229 shares. Based on an average daily trading volume, of 175,220 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

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

Hongli Group Price Performance

NASDAQ:HLP traded down $0.02 during mid-day trading on Friday, hitting $1.01. The company’s stock had a trading volume of 682,723 shares, compared to its average volume of 198,843. Hongli Group has a 1 year low of $0.61 and a 1 year high of $1.72. The business’s fifty day moving average is $0.96 and its two-hundred day moving average is $1.12.

Institutional Investors Weigh In On Hongli Group

A hedge fund recently raised its stake in Hongli Group stock. Renaissance Technologies LLC increased its stake in shares of Hongli Group Inc. (NASDAQ:HLP) by 35.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,925 shares of the company’s stock after purchasing an additional 24,525 shares during the period. Renaissance Technologies LLC’s holdings in Hongli Group were worth $83,000 as of its most recent filing with the Securities & Exchange Commission.

About Hongli Group

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.