Hyliion Holdings Corp. (NYSE:HYLN) Short Interest Up 25.3% in February

Hyliion Holdings Corp. (NYSE:HYLN - Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 15,960,000 shares, a growth of 25.3% from the January 31st total of 12,740,000 shares. Based on an average daily trading volume, of 1,270,000 shares, the short-interest ratio is presently 12.6 days. Approximately 13.7% of the company's shares are short sold.

Hyliion Stock Performance

HYLN traded up $0.04 during trading on Friday, reaching $1.48. 1,045,847 shares of the company's stock were exchanged, compared to its average volume of 1,041,631. The company's fifty day moving average price is $2.17 and its 200-day moving average price is $2.42. The firm has a market capitalization of $257.13 million, a PE ratio of -4.00 and a beta of 2.24. Hyliion has a fifty-two week low of $1.21 and a fifty-two week high of $4.10.

Hedge Funds Weigh In On Hyliion

Hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC increased its stake in Hyliion by 492.0% in the fourth quarter. Squarepoint Ops LLC now owns 239,009 shares of the company's stock valued at $624,000 after purchasing an additional 198,633 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of Hyliion in the 4th quarter valued at $150,000. Two Sigma Advisers LP increased its position in shares of Hyliion by 58.4% in the 4th quarter. Two Sigma Advisers LP now owns 130,200 shares of the company's stock valued at $340,000 after buying an additional 48,000 shares in the last quarter. ProShare Advisors LLC raised its stake in Hyliion by 47.5% during the 4th quarter. ProShare Advisors LLC now owns 39,287 shares of the company's stock worth $103,000 after buying an additional 12,657 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Hyliion by 222.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 458,051 shares of the company's stock worth $1,196,000 after acquiring an additional 315,921 shares in the last quarter. Institutional investors and hedge funds own 22.81% of the company's stock.

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