Highway Holdings Limited (NASDAQ:HIHO) Short Interest Update

Highway Holdings Limited (NASDAQ:HIHO) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 489,996 shares, an increase of 11,343.2% from the December 15th total of 4,282 shares. Approximately 15.7% of the shares of the stock are short sold. Based on an average trading volume of 15,075,565 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 15,075,565 shares, the short-interest ratio is presently 0.0 days. Approximately 15.7% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Highway Trading Down 3.3%

Shares of NASDAQ:HIHO traded down $0.04 on Monday, hitting $1.17. The company had a trading volume of 49,818 shares, compared to its average volume of 135,941. The company has a market cap of $5.38 million, a PE ratio of -9.75 and a beta of 0.31. The business has a 50 day moving average of $1.29 and a 200 day moving average of $1.52. Highway has a 52-week low of $0.77 and a 52-week high of $2.21.

Highway (NASDAQ:HIHO) last released its earnings results on Monday, December 15th. The industrial products company reported ($0.08) earnings per share (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%.

About Highway

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.