Hyliion Holdings Corp. (NYSE:HYLN) Short Interest Up 15.8% in April

Hyliion Holdings Corp. (NYSE:HYLN) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 10,830,000 shares, a growth of 15.8% from the March 31st total of 9,350,000 shares. Currently, 8.7% of the company’s shares are short sold. Based on an average daily trading volume, of 1,140,000 shares, the short-interest ratio is presently 9.5 days.

Hyliion Price Performance

Shares of NYSE HYLN opened at $1.29 on Wednesday. The company has a 50 day simple moving average of $1.54 and a 200-day simple moving average of $1.08. The company has a market capitalization of $236.34 million, a P/E ratio of -1.90 and a beta of 1.72. Hyliion has a 1 year low of $0.52 and a 1 year high of $2.29.

Hyliion (NYSE:HYLN) last announced its quarterly earnings results on Tuesday, February 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). Hyliion had a negative net margin of 7,004.36% and a negative return on equity of 31.38%. During the same quarter in the prior year, the company posted ($0.16) earnings per share. As a group, research analysts expect that Hyliion will post -0.26 EPS for the current year.

Institutional Trading of Hyliion

Several institutional investors have recently added to or reduced their stakes in HYLN. SG Americas Securities LLC acquired a new stake in Hyliion in the 3rd quarter valued at approximately $146,000. GSA Capital Partners LLP increased its holdings in Hyliion by 17.2% in the 3rd quarter. GSA Capital Partners LLP now owns 712,672 shares of the company’s stock valued at $841,000 after purchasing an additional 104,648 shares during the last quarter. Institutional & Family Asset Management LLC increased its holdings in Hyliion by 2,565.7% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 54,620 shares of the company’s stock valued at $64,000 after purchasing an additional 52,571 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Hyliion by 7.7% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 362,005 shares of the company’s stock valued at $427,000 after purchasing an additional 25,781 shares during the last quarter. Institutional investors and hedge funds own 22.81% of the company’s stock.

Hyliion Company Profile