Short Interest in Highway Holdings Limited (NASDAQ:HIHO) Declines By 58.6%

Highway Holdings Limited (NASDAQ:HIHO) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 2,400 shares, a decline of 58.6% from the March 31st total of 5,800 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 7,100 shares, the short-interest ratio is presently 0.3 days.

Highway Price Performance

Shares of HIHO stock traded up $0.01 during mid-day trading on Friday, hitting $2.11. The company had a trading volume of 9,692 shares, compared to its average volume of 4,244. The stock’s 50 day moving average price is $2.10 and its 200-day moving average price is $2.05. Highway has a 52-week low of $1.80 and a 52-week high of $3.08.

Highway (NASDAQ:HIHO) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.07 EPS for the quarter. The business had revenue of $4.11 million during the quarter. Highway had a negative net margin of 11.19% and a negative return on equity of 12.14%.

Highway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Monday, April 22nd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 9.48%. The ex-dividend date is Friday, April 19th. Highway’s dividend payout ratio is presently -83.33%.

Highway Company Profile

Highway Holdings Limited, together with its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers (OEMs) and contract manufacturers. It operates through two segments, Metal Stamping and Mechanical OEM; and Electric OEM.