Hongli Group Inc. (NASDAQ:HLP) Short Interest Down 45.4% in February

Hongli Group Inc. (NASDAQ:HLP) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 26,700 shares, a decline of 45.4% from the February 13th total of 48,900 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 56,600 shares, the short-interest ratio is presently 0.5 days.

Hongli Group Stock Performance

NASDAQ HLP traded up $0.01 during trading on Friday, reaching $1.34. The company’s stock had a trading volume of 12,852 shares, compared to its average volume of 59,587. Hongli Group has a 12 month low of $0.99 and a 12 month high of $2.25. The firm has a 50 day moving average price of $1.32 and a 200 day moving average price of $1.40.

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.