Highway Holdings Limited (NASDAQ:HIHO) Short Interest Update

Highway Holdings Limited (NASDAQ:HIHO) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 63,800 shares, an increase of 4,457.1% from the October 15th total of 1,400 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average daily volume of 124,700 shares, the short-interest ratio is presently 0.5 days.

Highway Stock Up 2.1 %

Shares of NASDAQ HIHO traded up $0.04 during trading on Tuesday, reaching $1.99. 3,608 shares of the stock were exchanged, compared to its average volume of 43,140. The business’s 50-day moving average price is $1.91 and its 200 day moving average price is $1.98. Highway has a twelve month low of $1.70 and a twelve month high of $2.88. The company has a market capitalization of $8.76 million, a price-to-earnings ratio of -16.25 and a beta of 0.02.

Highway (NASDAQ:HIHO) last issued its quarterly earnings results on Thursday, October 10th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $2.12 million during the quarter. Highway had a negative net margin of 5.79% and a positive return on equity of 4.49%.

Highway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Thursday, December 12th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 10.05%. The ex-dividend date is Thursday, December 12th. This is a positive change from Highway’s previous quarterly dividend of $0.02. Highway’s payout ratio is -66.67%.

About Highway

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.