Highway Holdings Limited (NASDAQ:HIHO) Short Interest Down 33.3% in August

Highway Holdings Limited (NASDAQ:HIHO) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,800 shares, a drop of 33.3% from the August 15th total of 2,700 shares. Based on an average trading volume of 12,900 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 12,900 shares, the short-interest ratio is presently 0.1 days.

Highway Trading Down 1.8%

Shares of HIHO stock opened at $1.68 on Thursday. The company’s fifty day simple moving average is $1.66 and its 200-day simple moving average is $1.70. The company has a market cap of $7.73 million, a PE ratio of 168.17 and a beta of 0.20. Highway has a 52 week low of $1.39 and a 52 week high of $2.88.

Highway (NASDAQ:HIHO) last released its quarterly earnings results on Thursday, September 11th. The industrial products company reported $0.01 earnings per share for the quarter. The business had revenue of $1.55 million during the quarter. Highway had a net margin of 0.97% and a return on equity of 1.06%.

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.