DIH Holding US, Inc. (NASDAQ:DHAI) Sees Significant Increase in Short Interest

DIH Holding US, Inc. (NASDAQ:DHAI) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 232,900 shares, a growth of 219.5% from the February 13th total of 72,900 shares. Based on an average trading volume of 408,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.2% of the company’s shares are sold short.

DIH Holding US Stock Performance

DHAI opened at $0.32 on Thursday. The stock has a market cap of $15.16 million, a price-to-earnings ratio of -1.07 and a beta of -0.56. The stock’s 50 day moving average price is $0.88 and its 200-day moving average price is $1.36. DIH Holding US has a one year low of $0.28 and a one year high of $3.67.

DIH Holding US (NASDAQ:DHAI) last announced its quarterly earnings results on Friday, February 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $15.09 million during the quarter. DIH Holding US had a negative net margin of 13.59% and a negative return on equity of 5.07%.

About DIH Holding US

DIH Holding US, Inc operates as a robotics and virtual reality (VR) technology provider for the rehabilitation industry in Europe, the Middle East, Africa, the United States, and the Asia Pacific. It offers ArmeoPower, a backbone robot for arm and hand therapy in an early stage of rehabilitation; ArmeoSpring for less severe patients that provides self-initiated repetitive arm and hand therapy in an extensive workspace; ArmeoSpring Pro; and Armeo Senso, for patients self-initiated and still structurally controlled movement patterns to completely open movement.