Holley Inc. (NYSE:HLLY) Short Interest Down 6.6% in September

Holley Inc. (NYSE:HLLY - Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 2,530,000 shares, a decrease of 6.6% from the September 15th total of 2,710,000 shares. Currently, 4.4% of the shares of the stock are short sold. Based on an average daily volume of 428,600 shares, the short-interest ratio is presently 5.9 days.

Institutional Trading of Holley

Several institutional investors have recently added to or reduced their stakes in HLLY. Allspring Global Investments Holdings LLC boosted its holdings in Holley by 1.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,180,819 shares of the company's stock valued at $18,646,000 after acquiring an additional 47,070 shares during the period. Norden Group LLC grew its holdings in shares of Holley by 1,717.0% in the first quarter. Norden Group LLC now owns 616,196 shares of the company's stock worth $2,748,000 after purchasing an additional 582,283 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Holley in the 1st quarter worth about $937,000. Sei Investments Co. boosted its position in Holley by 1.3% in the 1st quarter. Sei Investments Co. now owns 403,759 shares of the company's stock valued at $1,801,000 after buying an additional 5,000 shares during the period. Finally, Lazard Asset Management LLC bought a new position in Holley in the 1st quarter worth about $43,000. Institutional investors own 39.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Canaccord Genuity Group dropped their target price on shares of Holley from $8.00 to $7.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Truist Financial cut their target price on Holley from $8.00 to $7.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Raymond James lowered their price target on Holley from $5.25 to $4.25 and set an "outperform" rating on the stock in a report on Thursday, August 8th. Telsey Advisory Group restated an "outperform" rating and issued a $5.50 price target on shares of Holley in a research note on Monday, September 9th. Finally, Benchmark reaffirmed a "buy" rating and set a $12.00 target price on shares of Holley in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $6.54.

Holley Trading Down 1.0 %

Shares of NYSE:HLLY traded down $0.03 during trading on Thursday, hitting $2.91. The company had a trading volume of 279,073 shares, compared to its average volume of 350,591. The stock has a market cap of $347.20 million, a price-to-earnings ratio of 18.19 and a beta of 1.43. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.80 and a quick ratio of 1.19. The company has a fifty day simple moving average of $3.06 and a two-hundred day simple moving average of $3.55. Holley has a one year low of $2.69 and a one year high of $5.23.

Holley (NYSE:HLLY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $169.50 million during the quarter, compared to analyst estimates of $170.40 million. Holley had a net margin of 3.56% and a return on equity of 3.51%. Holley's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. As a group, equities analysts forecast that Holley will post 0.19 earnings per share for the current year.

About Holley

Holley Inc operates as designer, manufacturer, and marketer of automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. Its products span various automotive platforms and sells across multiple channels. The company's performance automotive products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products; and exhaust products, as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.