Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) Sees Significant Decline in Short Interest

Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totalling 5,040,000 shares, a decline of 5.6% from the June 30th total of 5,340,000 shares. Currently, 10.5% of the company’s shares are sold short. Based on an average trading volume of 529,400 shares, the short-interest ratio is currently 9.5 days.

Hollysys Automation Technologies Price Performance

HOLI opened at $26.42 on Wednesday. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 21.83 and a beta of 0.46. The company has a current ratio of 3.02, a quick ratio of 2.80 and a debt-to-equity ratio of 0.04. Hollysys Automation Technologies has a 12-month low of $16.25 and a 12-month high of $27.25. The business’s fifty day simple moving average is $23.44 and its 200-day simple moving average is $24.50.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its earnings results on Thursday, May 16th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $173.47 million for the quarter. Hollysys Automation Technologies had a net margin of 9.52% and a return on equity of 6.39%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Hollysys Automation Technologies in a research note on Monday. They issued a “buy” rating on the stock.

Hedge Funds Weigh In On Hollysys Automation Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new position in Hollysys Automation Technologies in the fourth quarter worth approximately $122,412,000. PSquared Asset Management AG purchased a new position in Hollysys Automation Technologies in the fourth quarter valued at about $64,520,000. Alpine Associates Management Inc. bought a new position in Hollysys Automation Technologies in the fourth quarter worth about $39,238,000. Goldman Sachs Group Inc. lifted its position in shares of Hollysys Automation Technologies by 392.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,122,107 shares of the industrial products company’s stock valued at $29,568,000 after buying an additional 894,022 shares during the last quarter. Finally, Glazer Capital LLC bought a new stake in shares of Hollysys Automation Technologies in the 4th quarter valued at about $22,211,000. 78.67% of the stock is currently owned by institutional investors.

About Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. provides automation control system solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.