Highway Holdings Limited (NASDAQ:HIHO) Short Interest Down 21.9% in March

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

Highway Stock Down 1.4 %

HIHO traded down $0.03 on Wednesday, hitting $1.82. 1,429 shares of the company traded hands, compared to its average volume of 38,164. The company has a 50 day moving average of $1.87 and a 200-day moving average of $1.91. Highway has a 12-month low of $1.70 and a 12-month high of $2.88. The stock has a market capitalization of $8.01 million, a PE ratio of -10.71 and a beta of 0.17.

Highway (NASDAQ:HIHO) last posted its quarterly earnings data on Tuesday, January 21st. The industrial products company reported $0.02 earnings per share 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.