Hebron Technology Co Ltd (NASDAQ:HEBT) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 738,500 shares, an increase of 18.9% from the January 15th total of 621,200 shares. Based on an average daily trading volume, of 138,400 shares, the short-interest ratio is currently 5.3 days. Currently, 12.2% of the company’s stock are sold short.
Hebron Technology stock traded up $0.10 during trading on Friday, hitting $6.30. 53,476 shares of the company were exchanged, compared to its average volume of 125,919. The business’s 50 day moving average is $6.51 and its 200 day moving average is $4.77. Hebron Technology has a 52 week low of $0.60 and a 52 week high of $9.00.
A number of large investors have recently modified their holdings of HEBT. Goldman Sachs Group Inc. purchased a new position in Hebron Technology during the 4th quarter worth $289,000. Oxford Asset Management LLP bought a new stake in shares of Hebron Technology in the 4th quarter worth $111,000. Renaissance Technologies LLC raised its holdings in shares of Hebron Technology by 67.0% in the fourth quarter. Renaissance Technologies LLC now owns 228,986 shares of the industrial products company’s stock valued at $1,328,000 after purchasing an additional 91,900 shares during the last quarter. Finally, Virtu Financial LLC raised its holdings in shares of Hebron Technology by 66.0% in the third quarter. Virtu Financial LLC now owns 27,371 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 10,887 shares during the last quarter. Institutional investors and hedge funds own 1.02% of the company’s stock.
About Hebron Technology
Hebron Technology Co, Ltd., through its subsidiaries, engages in the research, development, manufacture, and installation of valves, pipe fittings, and other products primarily for use in pharmaceutical engineering sector in the People's Republic of China. The company offers diaphragm valves, angle seat valves, sanitary centrifugal and liquid-ring pumps, clean-in-place return pumps, sanitary ball valves, and sanitary pipe fittings.
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