Elong Power Holding Limited (NASDAQ:ELPW) Short Interest Update

Elong Power Holding Limited (NASDAQ:ELPW) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,250,328 shares, a growth of 179.4% from the January 29th total of 447,428 shares. Approximately 41.2% of the shares of the company are sold short. Based on an average trading volume of 18,398,908 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 18,398,908 shares, the short-interest ratio is presently 0.1 days. Approximately 41.2% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Elong Power in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Elong Power Trading Down 22.7%

Shares of Elong Power stock opened at $0.32 on Thursday. Elong Power has a 1-year low of $0.28 and a 1-year high of $129.20. The company’s fifty day simple moving average is $1.68 and its 200-day simple moving average is $6.37.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Elong Power stock. Invesco Ltd. bought a new position in Elong Power Holding Limited (NASDAQ:ELPW) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 34,808 shares of the company’s stock, valued at approximately $31,000. Invesco Ltd. owned 0.07% of Elong Power as of its most recent filing with the SEC. 88.31% of the stock is currently owned by institutional investors.

Elong Power Company Profile

Elong Power (NASDAQ: ELPW) is a China-based designer, manufacturer and distributor of high- and medium-voltage electrical equipment used in power transmission and distribution networks. The company’s product portfolio includes gas-insulated switchgear (GIS), metal-enclosed switchgear, load break switches, ring main units (RMUs) and power distribution cabinets, as well as related control and protection systems. Elong Power’s equipment is engineered to facilitate safe and efficient delivery of electricity across urban and rural networks.

In addition to core switchgear products, Elong Power provides turnkey solutions that encompass system design, installation, commissioning and after-sales maintenance.