Elong Power Holding Limited (NASDAQ:ELPW) Stock Short Interest Climbs 569.0%

Elong Power Holding Limited (NASDAQ:ELPW) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 62,884 shares, a growth of 569.0% from the September 15th total of 9,400 shares. Approximately 54.2% of the shares of the company are sold short. Based on an average daily trading volume, of 824,970 shares, the days-to-cover ratio is presently 0.1 days.

Elong Power Price Performance

NASDAQ ELPW opened at $2.71 on Friday. Elong Power has a fifty-two week low of $2.42 and a fifty-two week high of $54,972.00. The business has a fifty day moving average of $3.50 and a 200-day moving average of $47.65.

Elong Power (NASDAQ:ELPW) last issued its quarterly earnings results on Tuesday, October 6th. The company reported $205.69 EPS for the quarter. The firm had revenue of $1.45 million for the quarter.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ELPW shares. Weiss Ratings downgraded shares of Elong Power from a “sell (e+)” rating to a “sell (e)” rating in a research report on Monday, September 28th. Wall Street Zen cut shares of Elong Power from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has a consensus rating of “Sell”.

About Elong Power

Elong Power Holding Limited is a China-based battery technology company focused on the development, manufacture and sale of lithium-ion batteries and related battery systems. The company operates through subsidiaries and serves markets that require rechargeable energy-storage solutions.

Its product offerings include lithium-ion battery cells, modules and battery packs, which may be used in electric vehicles, energy-storage systems and other applications requiring portable or stationary power.