Highway Holdings Limited (NASDAQ:HIHO) Sees Significant Increase in Short Interest

Highway Holdings Limited (NASDAQ:HIHO) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 2,600 shares, a growth of 188.9% from the June 30th total of 900 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 6,400 shares, the days-to-cover ratio is presently 0.4 days.

Highway Stock Performance

NASDAQ HIHO traded down $0.04 during trading hours on Friday, reaching $1.87. The stock had a trading volume of 16,538 shares, compared to its average volume of 13,398. The stock has a fifty day moving average of $2.09 and a 200 day moving average of $2.09. The stock has a market cap of $8.23 million, a P/E ratio of -7.79 and a beta of 0.07. Highway has a 52-week low of $1.83 and a 52-week high of $2.36.

Highway (NASDAQ:HIHO) last posted its quarterly earnings results on Friday, July 19th. The industrial products company reported ($0.07) EPS for the quarter. Highway had a negative net margin of 12.26% and a negative return on equity of 1.93%. The business had revenue of $1.42 million during the quarter.

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.