Hongli Group Inc. (NASDAQ:HLP) Short Interest Up 1,550.0% in November

Hongli Group Inc. (NASDAQ:HLP) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 3,300 shares, a growth of 1,550.0% from the November 15th total of 200 shares. Based on an average trading volume of 28,100 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Hongli Group Trading Down 1.4 %

Shares of NASDAQ:HLP traded down $0.02 on Wednesday, reaching $1.40. The company had a trading volume of 438,195 shares, compared to its average volume of 160,936. Hongli Group has a 52-week low of $0.72 and a 52-week high of $3.50. The firm’s 50 day simple moving average is $1.26 and its 200-day simple moving average is $1.57.

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.