Holley Inc. (NYSE:HLLY – Get Rating) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 4,910,000 shares, a growth of 14.7% from the August 15th total of 4,280,000 shares. Currently, 8.4% of the shares of the stock are sold short. Based on an average trading volume of 1,070,000 shares, the short-interest ratio is currently 4.6 days.
Analyst Upgrades and Downgrades
HLLY has been the topic of a number of research analyst reports. Bank of America initiated coverage on Holley in a research report on Wednesday, June 22nd. They issued a “buy” rating and a $13.00 target price on the stock. Truist Financial cut their target price on Holley from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, August 12th. Imperial Capital initiated coverage on Holley in a research report on Tuesday, August 9th. They issued an “outperform” rating and a $10.00 target price on the stock. Benchmark cut their target price on Holley to $12.00 in a research report on Tuesday, August 9th. Finally, Telsey Advisory Group cut their target price on Holley from $13.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, August 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.11.
Holley Stock Performance
Shares of HLLY stock opened at $5.33 on Friday. The company has a current ratio of 3.53, a quick ratio of 1.16 and a debt-to-equity ratio of 1.66. The firm has a fifty day moving average price of $7.64 and a 200 day moving average price of $10.23. The company has a market cap of $634.91 million, a P/E ratio of 88.83, a PEG ratio of 0.61 and a beta of 0.35. Holley has a 12 month low of $5.24 and a 12 month high of $14.68.
Insider Transactions at Holley
Hedge Funds Weigh In On Holley
Large investors have recently bought and sold shares of the stock. Kornitzer Capital Management Inc. KS boosted its stake in Holley by 340.0% in the first quarter. Kornitzer Capital Management Inc. KS now owns 110,000 shares of the company’s stock valued at $1,530,000 after acquiring an additional 85,000 shares in the last quarter. Rice Hall James & Associates LLC purchased a new stake in shares of Holley in the fourth quarter valued at about $4,060,000. Parafestas Anastasios purchased a new stake in shares of Holley in the first quarter valued at about $2,782,000. Swiss National Bank raised its holdings in shares of Holley by 5.4% in the first quarter. Swiss National Bank now owns 95,800 shares of the company’s stock valued at $1,333,000 after buying an additional 4,900 shares during the last quarter. Finally, Sciencast Management LP purchased a new stake in shares of Holley in the first quarter valued at about $233,000.
Holley Inc designs, manufactures, and markets automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. The company's products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products, and exhaust products as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.
- Get a free copy of the StockNews.com research report on Holley (HLLY)
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