Hyliion Holdings Corp. (NYSE:HYLN) Short Interest Update

Hyliion Holdings Corp. (NYSE:HYLN) saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 11,130,000 shares, an increase of 13.2% from the July 31st total of 9,830,000 shares. Based on an average daily trading volume, of 779,100 shares, the short-interest ratio is currently 14.3 days. Currently, 9.7% of the shares of the stock are short sold.

Hyliion Trading Down 3.1 %

Shares of HYLN opened at $1.87 on Friday. The stock has a market capitalization of $325.45 million, a P/E ratio of -3.07 and a beta of 1.89. The firm’s fifty day simple moving average is $1.95 and its two-hundred day simple moving average is $1.67. Hyliion has a 12 month low of $0.52 and a 12 month high of $2.61.

Hyliion (NYSE:HYLN) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. As a group, research analysts predict that Hyliion will post -0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Hyliion

Several large investors have recently added to or reduced their stakes in HYLN. AQR Capital Management LLC bought a new position in shares of Hyliion during the 2nd quarter worth approximately $40,000. The Manufacturers Life Insurance Company raised its holdings in shares of Hyliion by 20.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 58,072 shares of the company’s stock worth $94,000 after purchasing an additional 9,948 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Hyliion by 9.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 104,086 shares of the company’s stock worth $184,000 after purchasing an additional 8,580 shares during the period. HITE Hedge Asset Management LLC bought a new stake in shares of Hyliion in the 2nd quarter worth approximately $656,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Hyliion by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 574,988 shares of the company’s stock worth $931,000 after purchasing an additional 51,794 shares during the period. Institutional investors own 22.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Northland Securities boosted their price objective on shares of Hyliion from $1.50 to $2.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th.

Hyliion Company Profile