Hyliion Holdings Corp. (NYSE:HYLN) Short Interest Down 6.1% in July

Hyliion Holdings Corp. (NYSE:HYLN) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 9,560,000 shares, a drop of 6.1% from the June 30th total of 10,180,000 shares. Approximately 8.3% of the shares of the company are short sold. Based on an average daily trading volume, of 735,300 shares, the short-interest ratio is presently 13.0 days.

Hyliion Price Performance

Hyliion stock opened at $2.22 on Thursday. The firm has a 50 day moving average price of $1.75 and a 200-day moving average price of $1.54. Hyliion has a twelve month low of $0.52 and a twelve month high of $2.61.

Hyliion (NYSE:HYLN) last announced its quarterly earnings data on Tuesday, April 30th. The company reported ($0.07) earnings per share for the quarter. On average, research analysts predict that Hyliion will post -0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Hyliion by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 7,291,480 shares of the company’s stock worth $12,833,000 after buying an additional 762,909 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Hyliion by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 574,988 shares of the company’s stock worth $931,000 after acquiring an additional 51,794 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Hyliion by 9.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 104,086 shares of the company’s stock valued at $184,000 after purchasing an additional 8,580 shares in the last quarter. Institutional investors own 22.81% of the company’s stock.

Hyliion Company Profile