Elong Power (NASDAQ:ELPW) Raised to Sell at Wall Street Zen

Elong Power (NASDAQ:ELPW - Get Free Report) was upgraded by analysts at Wall Street Zen to a "sell" rating in a research note issued to investors on Saturday.

Elong Power Stock Performance

Shares of NASDAQ ELPW traded down $0.81 during trading on Friday, hitting $4.25. The company had a trading volume of 1,494,079 shares, compared to its average volume of 268,746. Elong Power has a 52 week low of $0.56 and a 52 week high of $8.07. The firm has a 50-day moving average of $2.94.

Institutional Trading of Elong Power

Several hedge funds and other institutional investors have recently modified their holdings of the company. Yakira Capital Management Inc. acquired a new stake in shares of Elong Power during the 4th quarter valued at about $39,000. Polar Asset Management Partners Inc. bought a new position in Elong Power during the fourth quarter valued at about $33,000. Finally, Toronto Dominion Bank acquired a new stake in shares of Elong Power in the fourth quarter worth about $102,000. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

About Elong Power

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.