Hongli Group Inc. (NASDAQ:HLP) Short Interest Down 98.0% in November

Hongli Group Inc. (NASDAQ:HLP) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 200 shares, a drop of 98.0% from the October 31st total of 10,200 shares. Based on an average trading volume of 25,600 shares, the days-to-cover ratio is currently 0.0 days.

Hongli Group Price Performance

Shares of HLP traded down $0.05 during trading hours on Wednesday, hitting $1.26. The company’s stock had a trading volume of 30,818 shares, compared to its average volume of 163,755. The business has a 50 day simple moving average of $1.35 and a two-hundred day simple moving average of $1.60. Hongli Group has a 52-week low of $0.72 and a 52-week high of $3.81.

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.