Highway Holdings Limited (NASDAQ:HIHO) Sees Large Decline in Short Interest

Highway Holdings Limited (NASDAQ:HIHO) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 25,200 shares, a drop of 56.5% from the September 15th total of 57,900 shares. Based on an average daily volume of 67,700 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.9% of the shares of the company are short sold. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 67,700 shares, the days-to-cover ratio is currently 0.4 days.

Highway Price Performance

Shares of NASDAQ HIHO opened at $1.58 on Friday. The stock has a fifty day moving average price of $1.67 and a 200 day moving average price of $1.67. Highway has a 1-year low of $1.39 and a 1-year high of $2.88. The company has a market cap of $7.27 million, a PE ratio of 158.16 and a beta of 0.23.

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

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.