In this work, the electromagnetic interference shielding effectiveness (EMI-SE) of carbon nanotube/carbon fiber-reinforced HDPE matrix composites are investigated with various preparation conditions, such as the carbon fiber and carbon nanotube content, the presence of metal additives, as well as mixing speed and time. It was found that the EMI-SE of the composites increased with filler contents and metal additives. These results indicate that the content and length of carbonaceous fillers determine the electric networks in the composites, resulting in the control of the EMI-SE of the composites.