Highway Holdings Limited (NASDAQ:HIHO) Sees Significant Growth in Short Interest

Highway Holdings Limited (NASDAQ:HIHO) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 735 shares, a growth of 550.4% from the September 30th total of 113 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 16,776 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Highway from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Highway Trading Up 1.0%

HIHO traded up $0.01 during trading on Tuesday, hitting $0.73. 2,136 shares of the stock traded hands, compared to its average volume of 570,653. The firm has a market capitalization of $3.38 million, a P/E ratio of -2.28 and a beta of 0.46. Highway has a 12-month low of $0.60 and a 12-month high of $2.21. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.42 and a quick ratio of 1.84. The firm has a 50-day moving average of $0.88 and a 200 day moving average of $0.89.

Highway Company Profile

Highway Holdings Limited (NASDAQ:HIHO) is a manufacturer of precision metal and plastic components, subassemblies, and finished products for original equipment manufacturers and other industrial customers. The company provides services that include metal stamping, precision machining, wire forming, welding, plastic injection molding, and product assembly.

Highway Holdings serves customers in industries such as automotive, electronics, telecommunications, and other industrial markets. Its manufacturing and assembly operations have historically been based in China, while its customer base has included companies in North America, Europe, and Asia.

Founded in 1990, the company operates as an outsourced manufacturing partner, producing components and assemblies according to customer specifications.