Short Interest in Hyliion Holdings Corp. (NYSE:HYLN) Expands By 7.2%

Hyliion Holdings Corp. (NYSE:HYLN - Get Free Report) saw a significant growth in short interest during the month of 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. Currently, 11.3% of the company's stock are sold short. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is presently 10.4 days.

Insider Buying and Selling at Hyliion

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

Hedge Funds Weigh In On Hyliion

Large investors have recently bought and sold shares of the business. Millennium Management LLC raised its stake in shares of Hyliion by 64.8% during the 2nd quarter. Millennium Management LLC now owns 4,735,608 shares of the company's stock worth $7,672,000 after buying an additional 1,861,497 shares during the period. State Street Corp increased its holdings in Hyliion by 0.6% in the 3rd quarter. State Street Corp now owns 2,985,109 shares of the company's stock worth $7,403,000 after acquiring an additional 16,707 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Hyliion by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,057,394 shares of the company's stock worth $2,622,000 after acquiring an additional 20,541 shares during the period. HITE Hedge Asset Management LLC lifted its holdings in Hyliion by 130.6% during the third quarter. HITE Hedge Asset Management LLC now owns 933,659 shares of the company's stock valued at $2,315,000 after purchasing an additional 528,750 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position 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 valued at $931,000 after purchasing an additional 51,794 shares during the period. Institutional investors and hedge funds own 22.81% of the company's stock.

Hyliion Trading Down 3.0 %

Shares of Hyliion stock traded down $0.08 during trading hours on Wednesday, reaching $2.61. The stock had a trading volume of 1,101,827 shares, compared to its average volume of 1,027,766. The stock's 50 day moving average is $2.90 and its 200 day moving average is $2.34. Hyliion has a twelve month low of $0.80 and a twelve month high of $4.09. The firm has a market capitalization of $453.45 million, a PE ratio of -7.05 and a beta of 2.03.

Wall Street Analyst Weigh In

Separately, Northland Capmk upgraded Hyliion to a "hold" rating in a research note on Tuesday, October 1st.

About Hyliion