Highway Holdings Limited (NASDAQ:HIHO) Stock Short Interest Drops 94.4%

Highway Holdings Limited (NASDAQ:HIHO – Get Free Report) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 1,013 shares, a decrease of 94.4% from the August 31st total of 18,208 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 13,034 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Highway from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Highway currently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on Highway

Highway Stock Performance

NASDAQ HIHO traded down $0.02 during trading hours on Friday, reaching $0.91. The company’s stock had a trading volume of 26,986 shares, compared to its average volume of 636,680. The company has a current ratio of 2.42, a quick ratio of 1.84 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of $0.98 and a 200 day simple moving average of $0.87. Highway has a 52 week low of $0.60 and a 52 week high of $2.21. The stock has a market cap of $4.21 million, a PE ratio of -2.84 and a beta of 0.48.

Highway (NASDAQ:HIHO – Get Free Report) last posted its earnings results on Monday, July 20th. The industrial products company reported $0.02 EPS for the quarter. The company had revenue of $2.00 million during the quarter. Highway had a negative return on equity of 25.93% and a negative net margin of 28.08%.

Highway Announces Dividend

The business also recently disclosed a special dividend, which was paid on Tuesday, September 22nd. Investors of record on Monday, August 10th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, August 10th. Highway’s dividend payout ratio is presently -15.62%.

About Highway

(Get Free Report)

Highway Holdings Limited is a manufacturer and supplier of precision components and assemblies for original equipment manufacturers and other industrial customers. The company produces stamped metal parts, plastic injection-molded components, wire and cable harnesses, and electro-mechanical assemblies.

Its products are used in applications that may include telecommunications, electronics, automotive equipment, medical devices, and other industrial products. Highway Holdings provides manufacturing, assembly, and related production services, allowing customers to source individual components as well as completed subassemblies.

Founded in 1990, the company has historically operated manufacturing facilities in Asia and served customers in international markets.

Further Reading

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