Hongli Group (HLP) Short Interest Ratio & Short Volume

Short interest is the volume of Hongli Group shares that have been sold short but have not yet been closed out or covered. As of April 15th, traders have sold 104,300 shares of HLP short. 2.15% of Hongli Group's shares are currently sold short. Learn More on Hongli Group's current short interest.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 2.15% of Hongli Group's floating shares are currently sold short.

Hongli Group saw a drop in short interest during the month of April. As of April 15th, there was short interest totaling 104,300 shares, a drop of 24.9% from the previous total of 138,900 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Hongli Group currently has issued a total of 0 shares. Some of Hongli Group's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Hongli Group currently has a public float of 4,860,000 shares.

2.15% of Hongli Group's shares are currently sold short. Here is how the short interest of companies in the sector of "basic materials" compare to Hongli Group: Companhia Siderúrgica Nacional (0.38%), Compañía de Minas Buenaventura S.A.A. (0.97%), Lifezone Metals Limited (4.48%), Mesabi Trust (3.37%), Nexa Resources S.A. (0.12%), POSCO Holdings Inc. (0.15%), Tantech Holdings Ltd (0.77%), China Natural Resources, Inc. (0.52%), Foremost Lithium Resource & Technology Ltd. (1.15%), Electra Battery Materials Co. (0.44%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling HLP is an investing strategy that aims to generate trading profit from Hongli Group as its price is falling. HLP shares are trading up $0.05 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Hongli Group occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of HLP, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including HLP, twice per month. The most recent reporting period available is April, 15 2024.