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

Hyliion Holdings Corp. (NYSE:HYLN) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 13,330,000 shares, a growth of 7.2% from the November 30th total of 12,430,000 shares. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is currently 10.4 days. Currently, 11.3% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Northland Capmk raised shares of Hyliion to a “hold” rating in a research report on Tuesday, October 1st.

Insider Activity

In other Hyliion news, Director Vincent T. Cubbage sold 65,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $3.90, for a total transaction of $253,500.00. Following the completion of the transaction, the director now owns 972,078 shares in the company, valued at approximately $3,791,104.20. This represents a 6.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey A. Craig purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average price of $2.95 per share, for a total transaction of $147,500.00. Following the completion of the acquisition, the director now owns 282,060 shares of the company’s stock, valued at approximately $832,077. This represents a 21.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 20.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted 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 valued at $931,000 after buying an additional 51,794 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new stake in Hyliion in the second quarter valued at $656,000. AQR Capital Management LLC bought a new position in shares of Hyliion in the 2nd quarter valued at about $40,000. Millennium Management LLC grew its position in shares of Hyliion by 64.8% in the 2nd quarter. Millennium Management LLC now owns 4,735,608 shares of the company’s stock valued at $7,672,000 after acquiring an additional 1,861,497 shares during the period. Finally, 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 valued at $94,000 after purchasing an additional 9,948 shares during the period. 22.81% of the stock is currently owned by institutional investors.

Hyliion Price Performance

Shares of NYSE HYLN opened at $2.61 on Thursday. The business has a 50-day moving average of $2.90 and a 200-day moving average of $2.34. The stock has a market capitalization of $453.45 million, a price-to-earnings ratio of -7.05 and a beta of 2.03. Hyliion has a fifty-two week low of $0.80 and a fifty-two week high of $4.09.

Hyliion Company Profile