Short Interest in Holley Inc. (NYSE:HLLY) Increases By 5.7%

Holley Inc. (NYSE:HLLY) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 2,040,000 shares, a growth of 5.7% from the January 15th total of 1,930,000 shares. Based on an average daily volume of 430,200 shares, the days-to-cover ratio is currently 4.7 days. Approximately 3.5% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reiterated an “outperform” rating and set a $4.50 target price on shares of Holley in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Holley Stock Up 1.9 %

Holley stock opened at $2.90 on Wednesday. Holley has a fifty-two week low of $2.29 and a fifty-two week high of $4.87. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17. The firm has a market capitalization of $346.82 million, a PE ratio of 22.27 and a beta of 1.42. The company’s 50-day moving average is $2.95 and its 200-day moving average is $2.95.

Insider Buying and Selling at Holley

In other Holley news, Director David S. Lobel sold 1,743,356 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $3.00, for a total transaction of $5,230,068.00. Following the sale, the director now directly owns 41,556,961 shares of the company’s stock, valued at $124,670,883. The trade was a 4.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.92% of the company’s stock.

Institutional Trading of Holley

Several institutional investors and hedge funds have recently bought and sold shares of HLLY. Boston Partners bought a new stake in Holley in the 4th quarter valued at $4,746,000. Bamco Inc. NY boosted its holdings in shares of Holley by 33.3% during the 4th quarter. Bamco Inc. NY now owns 4,000,000 shares of the company’s stock worth $12,080,000 after buying an additional 1,000,000 shares during the period. Russell Investments Group Ltd. raised its holdings in Holley by 12,719.0% in the 4th quarter. Russell Investments Group Ltd. now owns 819,136 shares of the company’s stock valued at $2,474,000 after acquiring an additional 812,746 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Holley by 6.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 10,209,265 shares of the company’s stock worth $30,117,000 after acquiring an additional 618,449 shares during the last quarter. Finally, Mink Brook Asset Management LLC bought a new stake in shares of Holley during the fourth quarter worth approximately $1,666,000. Institutional investors own 39.70% of the company’s stock.

Holley Company Profile

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.