Hongli Group Inc. (NASDAQ:HLP) Short Interest Up 327.3% in December

Hongli Group Inc. (NASDAQ:HLP) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 14,100 shares, a growth of 327.3% from the November 30th total of 3,300 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 43,500 shares, the days-to-cover ratio is presently 0.3 days.

Hongli Group Stock Performance

Shares of HLP traded up $0.07 on Friday, reaching $1.38. The stock had a trading volume of 105,825 shares, compared to its average volume of 157,365. The firm has a 50-day moving average of $1.28 and a 200 day moving average of $1.54. Hongli Group has a twelve month low of $0.99 and a twelve month high of $3.50.

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.