Company shares are trading at $5.65 impressively higher than $4.99, the stock’s 50 day moving average and quite a bit higher than the 200 day moving average of $4.66. The 50 day moving average went up by +13.21% and the 200 day average went up by +21.28%. Trading volume for Highpower International Inc was 158K on Tuesday. Shares saw a steep decrease in trading volume of 50.74% under the normal average daily volume.
Short traders are more bearish on the company recently considering the increase in short interest. The stock recorded a rise in short interest of 257.42% as of October 13, 2017 from the last reporting period. Short shares grew 31,307 over that timeframe. The days to cover decreased to 0.0 and the percentage of shorted shares was 0.00% on October 13.
Highpower International Inc (NASDAQ:HPJ) has been the object of insider selling activity recently. Wen Liang Li, Director let go of $494,139 worth of shares at a price of $5.70 on Mon the 30th. The Director now owns $8,946,076 of the stock as recorded in a recent Form 4 SEC filing. Director Wen Liang Li sold 4,070 shares at an average price of $5.52 on October 13th. That brings Li’s holdings to $9,142,103 as reported to the SEC.
Wen Liang Li, Director reported the sale of 173,415 shares of (HPJ). The shares sold for $5.40. The Director now owns $8,965,339 of the stock according to the SEC filing.
Here are a few substantial investment firms who have updated their positions. Renaissance Technologies LLC augmented its investment by buying 207,095 shares an increase of 27.6% as of 06/30/2017. Renaissance Technologies LLC claims 958,100 shares valued at $3,497,000. The value of the position overall is up by 17.9%. Kcg Holdings, Inc. reduced its stake by selling 31,648 shares a decrease of 37.2% in the quarter. Kcg Holdings, Inc. owns 53,315 shares worth $195,000. The total value of its holdings decreased 42.0%.
As of the end of the quarter Spark Investment Management LLC had bought 45,700 shares growing its holdings by 49.9%. The value of the investment in HPJ went from $361,000 to $501,000 a change of 38.8% quarter to quarter. Simplex Trading, LLC downsized its holdings by shedding 394 shares a decrease of 38.2% from 06/30/2017 to 09/30/2017. Simplex Trading, LLC controls 638 shares with a value of $2,000. The total value of its holdings decreased 33.3%.
The P/E ratio is currently 7.62 and the market value is 86.77M.
Highpower International, Inc., launched on January 3, 2006, through its subsidiaries, Shenzhen Highpower Technology Co., Ltd (SZ Highpower), Huizhou Highpower Technology Co., Ltd (HZ HTC) and Springpower Technology (Shenzhen) Co., Ltd (SZ Springpower), is involved in the manufacturing and marketing of nickel metal hydride rechargeable batteries (Ni-MH) and lithium batteries for both consumer and industrial applications. The Company operates through three segments: Lithium Batteries, Ni-MH Batteries and New Material. The Company, through its subsidiary, Ganzhou Highpower Technology Co., Ltd (GZ Highpower), is involved in the processing, marketing and research of battery materials. The Company, through its subsidiary, Icon Energy System Co., Ltd. (ICON), is involved in the design and production of advanced battery packs and systems..