Highway Holdings Limited (NASDAQ:HIHO) Short Interest Update

Highway Holdings Limited (NASDAQ:HIHO) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 1,013 shares, a decrease of 94.4% from the August 31st total of 18,208 shares. Based on an average daily trading volume, of 13,034 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Highway Stock Down 2.2%

Shares of HIHO traded down $0.02 during mid-day trading on Friday, reaching $0.91. The company’s stock had a trading volume of 40,998 shares, compared to its average volume of 40,548. The company has a market cap of $4.21 million, a price-to-earnings ratio of -2.84 and a beta of 0.48. The business has a fifty day moving average of $0.98 and a 200 day moving average of $0.87. The company has a quick ratio of 1.84, a current ratio of 2.42 and a debt-to-equity ratio of 0.07. Highway has a 1 year low of $0.60 and a 1 year high of $2.21.

Highway (NASDAQ:HIHO) last issued its quarterly earnings results on Monday, July 20th. The industrial products company reported $0.02 earnings per share for the quarter. The business had revenue of $2.00 million for the quarter. Highway had a negative return on equity of 25.93% and a negative net margin of 28.08%.

Highway Announces Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Monday, August 10th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 10th. Highway’s payout ratio is -15.62%.

Analysts Set New Price Targets

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

About Highway

Highway Holdings Limited is a manufacturer and supplier of precision components and assemblies for original equipment manufacturers and other industrial customers. The company produces stamped metal parts, plastic injection-molded components, wire and cable harnesses, and electro-mechanical assemblies.

Its products are used in applications that may include telecommunications, electronics, automotive equipment, medical devices, and other industrial products. Highway Holdings provides manufacturing, assembly, and related production services, allowing customers to source individual components as well as completed subassemblies.

Founded in 1990, the company has historically operated manufacturing facilities in Asia and served customers in international markets.