Trading volume for Highpower Intl Inc was 416K in the last trading session. Trading volume was up 102.24% over the stocks average daily volume.
Traders are a little more bearish on shares of Highpower Intl Inc recently as shown by the uptick in short interest. The firm had a rise in short interest between September 29, 2017 and October 13, 2017 of 257.42%. Short interest grew from 12,162 to 43,469 over that timeframe. With short interest at 43,469 and short average daily volume at 317,806, the short-interest ratio is 0.0 and the percentage of shorted shares was 0.00% on October 13.
Highpower Intl Inc (NASDAQ:HPJ) has been the object of insider selling activity recently. Director Wen Liang Li sold 68,370 shares at a price of $5.54 on November 1st. That brings the Director’s holdings to $8,316,188 as recorded in a recent Form 4 SEC filing. Wen Liang Li, Director reported the sale of 86,691 shares of (HPJ). The shares were sold on October 30th for a price of $5.70. The Director now owns $8,946,076 of the stock per the Form 4 SEC filing.
Wen Liang Li, Director disclosed the sale of 4,070 shares. The shares were purchased at an average price of $5.52. Li now owns $9,142,103 of the stock according to the SEC filing.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Renaissance Technologies LLC had acquired a total of 207,095 shares growing its position 27.6%. The value of the total investment in Highpower Intl Inc increased from $2,966,000 to $3,497,000 increasing 17.9% for the reporting period. As of quarter end Kcg Holdings, Inc. had sold 31,648 shares trimming its stake by 37.2%. The value of the investment in (HPJ) went from $336,000 to $195,000 a change of $141,000 since the last quarter.
As of quarter end Spark Investment Management LLC had acquired a total of 45,700 shares growing its holdings by 49.9%. The value of the company’s investment in Highpower Intl Inc went from $361,000 to $501,000 a change of 38.8% quarter to quarter. As of quarter end Simplex Trading, LLC had disposed of a total of 394 shares trimming its position 38.2%. The value of the investment in HPJ decreased from $3,000 to $2,000 decreasing 33.3% quarter over quarter.
In the market the company is trading down from yesterday’s close of 4.83. The P/E ratio is 5.26 and the market value is 71.81M. As of the last earnings report the EPS was $0.89 with 15.36M shares now outstanding.
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..