Highway Holdings Limited (NASDAQ:HIHO) Short Interest Up 188.9% in July

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

Highway Stock Down 1.5 %

Shares of HIHO stock traded down $0.03 on Thursday, reaching $1.91. The stock had a trading volume of 4,191 shares, compared to its average volume of 6,957. The firm’s 50-day moving average is $2.10 and its two-hundred day moving average is $2.09. The firm has a market capitalization of $8.40 million, a price-to-earnings ratio of -7.96 and a beta of 0.07. Highway has a 12 month low of $1.85 and a 12 month high of $2.36.

Highway (NASDAQ:HIHO) last announced 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 company 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.