Hongli Group Inc. (NASDAQ:HLP) Short Interest Up 63.8% in December

Hongli Group Inc. (NASDAQ:HLP) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 23,100 shares, a growth of 63.8% from the December 15th total of 14,100 shares. Based on an average trading volume of 37,300 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are sold short.

Hongli Group Price Performance

HLP traded down $0.02 during midday trading on Friday, hitting $1.32. 897 shares of the company were exchanged, compared to its average volume of 28,154. The company’s 50 day simple moving average is $1.31 and its 200 day simple moving average is $1.48. Hongli Group has a 1-year low of $0.99 and a 1-year high of $3.44.

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.