Short Interest in Hyliion Holdings Corp. (NYSE:HYLN) Expands By 16.3%

Hyliion Holdings Corp. (NYSE:HYLN - Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 9,350,000 shares, an increase of 16.3% from the March 15th total of 8,040,000 shares. Currently, 7.5% of the company's stock are sold short. Based on an average daily volume of 1,250,000 shares, the short-interest ratio is presently 7.5 days.

Hyliion Stock Down 5.3 %

NYSE HYLN traded down $0.08 on Friday, reaching $1.42. The company had a trading volume of 938,260 shares, compared to its average volume of 916,942. Hyliion has a 52-week low of $0.52 and a 52-week high of $2.29. The stock has a market capitalization of $260.16 million, a P/E ratio of -2.09 and a beta of 1.72. The company's fifty day moving average is $1.53 and its 200 day moving average is $1.05.

Hyliion (NYSE:HYLN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.11) EPS for the quarter, meeting analysts' consensus estimates of ($0.11). Hyliion had a negative return on equity of 31.38% and a negative net margin of 7,004.36%. During the same quarter in the prior year, the business earned ($0.16) earnings per share. On average, research analysts expect that Hyliion will post -0.26 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HYLN. Ensign Peak Advisors Inc lifted its position in shares of Hyliion by 65.8% during the third quarter. Ensign Peak Advisors Inc now owns 10,000 shares of the company's stock worth $29,000 after acquiring an additional 3,970 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Hyliion in the 3rd quarter worth about $30,000. LPL Financial LLC purchased a new position in Hyliion during the 2nd quarter valued at about $36,000. Tower Research Capital LLC TRC increased its position in shares of Hyliion by 1,107.9% during the first quarter. Tower Research Capital LLC TRC now owns 12,695 shares of the company's stock valued at $25,000 after buying an additional 11,644 shares during the period. Finally, Sei Investments Co. purchased a new stake in shares of Hyliion in the second quarter worth about $26,000. 22.81% of the stock is owned by institutional investors.

About Hyliion

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