Short Interest in Hyliion Holdings Corp. (NYSE:HYLN) Expands By 16.3%

Hyliion Holdings Corp. (NYSE:HYLN) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 9,350,000 shares, an increase of 16.3% from the March 15th total of 8,040,000 shares. Based on an average trading volume of 1,250,000 shares, the short-interest ratio is currently 7.5 days. Approximately 7.5% of the shares of the stock are short sold.

Hyliion Price Performance

Shares of HYLN stock remained flat at $1.33 during trading hours on Tuesday. The stock had a trading volume of 615,198 shares, compared to its average volume of 1,219,689. Hyliion has a 52 week low of $0.52 and a 52 week high of $2.29. The stock’s 50 day moving average is $1.54 and its two-hundred day moving average is $1.06. The company has a market cap of $242.75 million, a price-to-earnings ratio of -1.95 and a beta of 1.72.

Hyliion (NYSE:HYLN) last announced its quarterly earnings results on Tuesday, February 13th. The company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). Hyliion had a negative return on equity of 31.38% and a negative net margin of 7,004.36%. During the same period in the previous year, the business earned ($0.16) EPS. On average, research analysts expect that Hyliion will post -0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hyliion

Institutional investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. raised its holdings in Hyliion by 24.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 17,079 shares of the company’s stock worth $38,000 after purchasing an additional 3,350 shares during the last quarter. Mariner LLC raised its stake in shares of Hyliion by 3.1% during the first quarter. Mariner LLC now owns 111,537 shares of the company’s stock worth $494,000 after buying an additional 3,368 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Hyliion by 3.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 116,937 shares of the company’s stock valued at $274,000 after acquiring an additional 3,531 shares during the last quarter. Legal & General Group Plc grew its holdings in Hyliion by 7.0% during the 4th quarter. Legal & General Group Plc now owns 56,148 shares of the company’s stock worth $131,000 after acquiring an additional 3,678 shares during the period. Finally, American International Group Inc. raised its position in shares of Hyliion by 6.7% during the 2nd quarter. American International Group Inc. now owns 62,113 shares of the company’s stock valued at $200,000 after acquiring an additional 3,904 shares during the last quarter. Institutional investors own 22.81% of the company’s stock.

Hyliion Company Profile