WEIFANG, CHINA, May 02, 2023 (GLOBE NEWSWIRE) -- Hongli Group Inc. (the "Company") (NASDAQ:HLP) today announced that the underwriter in its initial public offering (the "Offering"), exercised the over-allotment option in full to purchase 309,375 ordinary shares of the Company at $4.00 per share for total gross proceeds of $1,237,500 before deducting underwriting discounts and commissions. EF Hutton, division of Benchmark Investments, LLC acted as sole book-running manager for the offering. The Registration Statement has been filed (File No. 333-261945) with the Securities and Exchange Commission ("SEC") and was declared effective by the SEC on March 28, 2023. The Offe

WEIFANG, CHINA, March 31, 2023 (GLOBE NEWSWIRE) -- Hongli Group Inc. (the "Company") (NASDAQ:HLP) today announced the closing of its initial public offering (the "Offering") of 2,062,500 ordinary shares (the "Ordinary Shares") at a public offering price of $4.00 per share for total gross proceeds of $8.25 million before deducting underwriting discounts and offering expenses. The Company is a holding company that, through a series of contractual arrangements, consolidates the financial results of Shandong Hongli Special Section Tube Co., Ltd. and its subsidiaries, which is one of the leading cold roll formed steel profile manufacturers in China with respect to function innovation, performan

SC 13G - Hongli Group Inc. (0001855557) (Subject)

As of May 1, 2024, two stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro.   Here's the latest list of major overbought players in this sector. Hongli Group Inc. (NASDAQ:HLP) The company's stock gained around 32% over the past five days and

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM) fell sharply during Monday’s session. B of A Securities analyst Tal Liani downgraded CommScope from Neutral to Underperform and lowered the price target from $2.1 to $2. CommScope shares dipped 6.9% to $2.2150 on Monday. Here are some other stocks moving in today's mid-day session. Gainers Sagimet Biosciences Inc. (NASDAQ:SGMT) shares jumped 135% to $15.99 after the company announced denifanstat in the Phase 2b FASCINATE-2 clinical trial achieved statistically significant results on the primary and multiple secondary endpoints. Rail Vision Ltd. (NASDAQ:RVSN) surged 54.5% to $2.1173. Rail Vision said its main line system has suc

Hongli Group's (NYSE:HLP) short percent of float has risen 194.74% since its last report. The company recently reported that it has 16 thousand shares sold short, which is 0.56% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) fell sharply during Wednesday’s session after Keefe, Bruyette & Woods downgraded rating on the stock. Keefe, Bruyette & Woods analyst Michael Perito downgraded SoFi from a Market Perform rating to an Underperform rating and lowered the price target from $7.50 to $6.50, citing recent outperformance and a change in the analyst's model. SoFi Technologies shares dipped 12.8% to $8.41 on Wednesday. Here are some other stocks moving in today's mid-day session. Gainers NexImmune, Inc. (NASDAQ:NEXI) shares rose 150.8% to $6.14 after gaining over 6% on Tuesday. Trinity Place Holdings Inc. (NYSE:TPHS) rose gained 62.6% to $0.1857. The company re

The most overbought stocks in the materials sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Pactiv Evergreen Inc. (NASDAQ:PTVE) Pactiv Evergreen reported mixed third-quarter financial results. Michael King, President and Chief Executive Officer of Pactiv Evergreen, sai