Highway Holdings Limited (NASDAQ:HIHO – Get Free Report) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 11,941 shares, a growth of 1,524.6% from the October 15th total of 735 shares. Based on an average daily volume of 13,115 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the shares of the company are sold short.
Highway Price Performance
NASDAQ:HIHO traded down $0.01 during trading hours on Tuesday, hitting $0.84. The company’s stock had a trading volume of 17,665 shares, compared to its average volume of 34,586. The business’s 50-day moving average is $0.86 and its two-hundred day moving average is $0.87. The company has a current ratio of 2.42, a quick ratio of 1.84 and a debt-to-equity ratio of 0.07. Highway has a 52-week low of $0.60 and a 52-week high of $2.21.
About Highway
Highway Holdings Limited (NASDAQ: HIHO) is a manufacturer of precision metal and plastic components and assemblies for original equipment manufacturers (OEMs). Its products include stamped and formed metal parts, wire products, springs, plastic-injection-molded components, cables, and related assemblies. The company serves customers in industries such as automotive, electronics, electrical equipment, industrial products, telecommunications, and medical equipment. Its manufacturing activities have been conducted primarily in Asia, including facilities in China and Myanmar, while its customer base has included companies in Europe, North America, and Asia.
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