Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 15,960,000 shares, a growth of 25.3% from the January 31st total of 12,740,000 shares. Based on an average trading volume of 1,270,000 shares, the days-to-cover ratio is currently 12.6 days. Currently, 13.7% of the company’s shares are sold short.
Hyliion Price Performance
Shares of HYLN stock traded up $0.01 during mid-day trading on Friday, hitting $1.45. The stock had a trading volume of 165,371 shares, compared to its average volume of 1,019,534. Hyliion has a 12-month low of $1.21 and a 12-month high of $4.10. The firm’s 50-day moving average is $2.20 and its two-hundred day moving average is $2.42. The firm has a market capitalization of $251.05 million, a P/E ratio of -3.91 and a beta of 2.24.
Hedge Funds Weigh In On Hyliion
Large investors have recently made changes to their positions in the business. Creative Planning acquired a new position in Hyliion during the 3rd quarter valued at approximately $29,000. Intech Investment Management LLC acquired a new position in shares of Hyliion in the 3rd quarter valued at $77,000. Charles Schwab Investment Management Inc. raised its stake in Hyliion by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,057,394 shares of the company’s stock worth $2,622,000 after acquiring an additional 20,541 shares during the last quarter. Verition Fund Management LLC lifted its position in Hyliion by 52.9% during the 3rd quarter. Verition Fund Management LLC now owns 33,700 shares of the company’s stock worth $84,000 after acquiring an additional 11,653 shares during the period. Finally, HITE Hedge Asset Management LLC grew its stake in Hyliion by 130.6% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 933,659 shares of the company’s stock valued at $2,315,000 after purchasing an additional 528,750 shares during the last quarter. 22.81% of the stock is owned by institutional investors and hedge funds.
Hyliion Company Profile
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