FIT Hon Teng Limited (OTCMKTS:FITGF) Sees Large Drop in Short Interest

FIT Hon Teng Limited (OTCMKTS:FITGF) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 9,608,500 shares, a decrease of 30.5% from the April 30th total of 13,817,200 shares. Based on an average daily volume of 4,800 shares, the days-to-cover ratio is currently 2,001.8 days.

FIT Hon Teng Stock Performance

FITGF stock traded down $0.00 during mid-day trading on Tuesday, hitting $0.28. The company had a trading volume of 10,000 shares, compared to its average volume of 4,214. FIT Hon Teng has a 12 month low of $0.20 and a 12 month high of $0.54. The stock’s fifty day moving average price is $0.27 and its two-hundred day moving average price is $0.37.

FIT Hon Teng Company Profile

FIT Hon Teng Limited manufactures and sells mobile and wireless devices and connectors in Taiwan and internationally. It operates in two segments, Intermediate Products and Consumer Products. The company provides RF antenna cable and module assemblies; coaxial, internal, external, RJ, wire harness, USB, E/M, EM, flat, high speed, power, ribbon, SAS, and S-ATA cable assemblies; light source products; backplane, card, edgecard, memory, high speed, input/output, power, storage, and wire to board/board to board connectors; sockets and terminal blocks; and wired headsets, speaker systems, and power accessories.