Shares last traded at $5.20 which is just a bit higher than $4.80, the stock’s 50 day moving average and which is quite a bit higher than the 200 day moving average of $4.63. The 50 day moving average was up $0.40 or +8.31% whereas the 200 day average was up by +12.34%. 227K shares changed hands by the end of trading on Tuesday. Trading volume was down 17.86% under the stocks average daily volume.
Short traders are feeling a little more bullish on Highpower International Inc of late considering the decrease in short interest. The stock recorded a fall in short interest between September 15, 2017 and September 29, 2017 of -85.63%. Short interest fell from 84,645 to 12,162 over that period. With short interest at 12,162 and short average daily volume at 198,083, the short-interest ratio is 0.0 and the percentage of shorted shares was 0.00% on September 29.
Highpower International Inc (NASDAQ:HPJ) has been the object of insider selling activity recently. Wen Liang Li, Director reported the sale of 4,070 shares. The shares were sold on October 13th for an average price of $5.52. Li now owns $9,142,103 of the stock according to the SEC filing. Director Wen Liang Li let go of 173,415 shares at a price of $5.40 on Wed the 11th. The Director now owns $8,965,339 of the stock as recorded in a recent Form 4 SEC filing.
Director Wen Liang Li disclosed the sale of 1,800 shares of (HPJ). The shares were purchased at an average price of $5.25. The Director now owns $9,909,212 of the stock per the Form 4 SEC filing.
The following firms have recently changed their position in HPJ. Morgan Stanley trimmed its position by selling 5,806 shares a decrease of 84.8% as of 06/30/2017. Morgan Stanley claims 1,040 shares worth $4,000. The value of the position overall is down by 85.2%. As of the end of the quarter Renaissance Technologies LLC had bought a total of 207,095 shares growing its holdings by 27.6%. The value of the total investment in Highpower International Inc increased from $2,966,000 to $3,497,000 increasing 17.9% since the last quarter.
As of quarter end Kcg Holdings, Inc. had disposed of 31,648 shares trimming its position 37.2%. The value of the investment in HPJ went from $336,000 to $195,000 a change of 42.0% for the reporting period. As of quarter end Spark Investment Management LLC had bought a total of 45,700 shares growing its stake by 49.9%. The value of the investment in Highpower International Inc went from $361,000 to $501,000 a change of $140,000 quarter over quarter.
The P/E ratio is 7.02 and market cap is 79.86M.
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..