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

Elong Power Holding Limited (NASDAQ:ELPW) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 9,400 shares, a decrease of 70.8% from the August 31st total of 32,192 shares. Based on an average trading volume of 64,448 shares, the short-interest ratio is currently 0.1 days. Currently, 8.1% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Elong Power in a research report on Tuesday, July 21st. Wall Street Zen downgraded shares of Elong Power from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Elong Power Stock Performance

Shares of Elong Power stock opened at $3.19 on Friday. The stock’s 50-day moving average is $4.86 and its 200 day moving average is $57.93. Elong Power has a one year low of $2.42 and a one year high of $54,972.00.

Elong Power Company Profile

Elong Power Holding Limited is a battery technology and manufacturing company. Through its operating subsidiaries, the company designs, develops and produces rechargeable lithium-ion batteries and related battery products.

Its product offerings include lithium-ion battery cells, battery packs and battery systems intended for applications such as electric vehicles, energy storage systems and other electronic or industrial uses. The company serves customers primarily through its operations and sales activities in China.

Elong Power Holding Limited is incorporated in the Cayman Islands and operates as a holding company for its battery-related subsidiaries.