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

Highway Holdings Limited (NASDAQ:HIHO) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 21,100 shares, a decrease of 21.9% from the February 28th total of 27,000 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 5,700 shares, the days-to-cover ratio is presently 3.7 days.

Highway Price Performance

Shares of HIHO traded down $0.01 during trading hours on Tuesday, reaching $1.84. 7,259 shares of the company’s stock traded hands, compared to its average volume of 38,032. The firm has a market capitalization of $8.10 million, a price-to-earnings ratio of -10.82 and a beta of 0.17. The business’s fifty day simple moving average is $1.87 and its two-hundred day simple moving average is $1.91. Highway has a twelve month low of $1.70 and a twelve month high of $2.88.

Highway (NASDAQ:HIHO) last released its quarterly earnings results on Tuesday, January 21st. The industrial products company reported $0.02 EPS for the quarter. Highway had a negative net margin of 10.36% and a positive return on equity of 1.53%.

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.