Hyliion Holdings Corp. (NYSE:HYLN) Sees Significant Growth in Short Interest

Posted by Matthew Jenks on Apr 29th, 2024

Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 10,830,000 shares, an increase of 15.8% from the March 31st total of 9,350,000 shares. Approximately 8.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,140,000 shares, the days-to-cover ratio is currently 9.5 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in shares of Hyliion during the third quarter worth $146,000. GSA Capital Partners LLP grew its holdings in Hyliion by 17.2% during the 3rd quarter. GSA Capital Partners LLP now owns 712,672 shares of the company’s stock worth $841,000 after acquiring an additional 104,648 shares during the period. Institutional & Family Asset Management LLC lifted its stake in shares of Hyliion by 2,565.7% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 54,620 shares of the company’s stock valued at $64,000 after purchasing an additional 52,571 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Hyliion by 7.7% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 362,005 shares of the company’s stock valued at $427,000 after purchasing an additional 25,781 shares in the last quarter. 22.81% of the stock is owned by institutional investors.

Hyliion Stock Up 3.6 %

Hyliion stock traded up $0.04 during trading hours on Monday, hitting $1.31. The stock had a trading volume of 935,897 shares, compared to its average volume of 1,174,566. The business’s 50 day simple moving average is $1.54 and its 200-day simple moving average is $1.07. Hyliion has a one year low of $0.52 and a one year high of $2.29. The stock has a market cap of $239.09 million, a price-to-earnings ratio of -1.96 and a beta of 1.72.

Hyliion (NYSE:HYLN – Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). Hyliion had a negative net margin of 7,004.36% and a negative return on equity of 31.38%. During the same quarter last year, the business posted ($0.16) EPS. Research analysts anticipate that Hyliion will post -0.26 EPS for the current fiscal year.