Elong Power (NASDAQ:ELPW - Get Free Report) was upgraded by equities researchers at Wall Street Zen to a "sell" rating in a research note issued on Saturday.
Elong Power Price Performance
Shares of NASDAQ:ELPW traded up $0.20 during trading on Friday, reaching $5.06. The stock had a trading volume of 678,168 shares, compared to its average volume of 257,492. The stock has a fifty day moving average of $2.85. Elong Power has a 1-year low of $0.56 and a 1-year high of $8.07.
Hedge Funds Weigh In On Elong Power
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank acquired a new position in Elong Power during the fourth quarter worth $102,000. Yakira Capital Management Inc. acquired a new position in Elong Power during the fourth quarter worth $39,000. Finally, Polar Asset Management Partners Inc. acquired a new position in Elong Power during the fourth quarter worth $33,000. Institutional investors and hedge funds own 88.31% of the company's stock.
About Elong Power
(
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Elong Power Holding Ltd. engages in the research and development, manufacturing, sales and service of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems. The company was founded on August 18, 2023 and is headquartered in Ganzhou, China.
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