Short Interest in Highway Holdings Limited (NASDAQ:HIHO) Drops By 91.9%

Highway Holdings Limited (NASDAQ:HIHO) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 39,833 shares, a drop of 91.9% from the December 31st total of 489,996 shares. Based on an average daily trading volume, of 101,919 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.3% of the shares of the company are sold short. Currently, 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 101,919 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Highway in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Highway presently has an average rating of “Sell”.

Highway Stock Up 0.1%

Highway stock traded up $0.00 during mid-day trading on Thursday, hitting $0.92. 21,771 shares of the company were exchanged, compared to its average volume of 81,671. The company has a market capitalization of $4.24 million, a PE ratio of -7.67 and a beta of 0.31. The business has a fifty day moving average of $1.20 and a 200 day moving average of $1.47. Highway has a 1-year low of $0.77 and a 1-year high of $2.21.

Highway (NASDAQ:HIHO) last issued its earnings results on Monday, December 15th. The industrial products company reported ($0.08) EPS for the quarter. The firm had revenue of $1.18 million during the quarter. Highway had a negative net margin of 8.71% and a negative return on equity of 8.57%.

Highway Company Profile

Highway 33 Acquisition Corp. (NASDAQ: HIHO) is a special purpose acquisition company formed to raise capital through an initial public offering for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase or similar business combination with one or more businesses. As a blank‐check vehicle, the company does not have commercial operations of its own but instead seeks to partner with an established private company to bring it public through a business combination.

Since completing its initial public offering in 2021, the company has focused on identifying target businesses in growth‐oriented industries, including technology, consumer products and specialty manufacturing.