Hongli Group Inc. (NASDAQ:HLP) Short Interest Down 11.3% in October

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

Hongli Group Trading Up 3.4 %

HLP stock traded up $0.04 on Monday, hitting $1.17. The company had a trading volume of 22,832 shares, compared to its average volume of 168,025. Hongli Group has a 12-month low of $0.72 and a 12-month high of $5.54. The stock’s 50-day simple moving average is $1.43 and its 200 day simple moving average is $1.63.

Hongli Group Company Profile

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.