Highway Holdings Limited (NASDAQ:HIHO) Shares Shorted: Short Interest Down 88.8% in September

Highway Holdings Limited (NASDAQ:HIHO) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 113 shares, a decline of 88.8% from the September 15th total of 1,013 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 60,042 shares, the short-interest ratio is currently 0.0 days.

Highway Stock Performance

HIHO stock traded down $0.01 during midday trading on Friday, reaching $0.86. The stock had a trading volume of 12,133 shares, compared to its average volume of 40,921. The stock has a market cap of $3.98 million, a PE ratio of -2.69 and a beta of 0.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.84 and a current ratio of 2.42. The firm has a fifty day simple moving average of $0.94 and a two-hundred day simple moving average of $0.87. Highway has a 52-week low of $0.60 and a 52-week high of $2.21.

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

Highway Announces Dividend

The company also recently announced a special dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Monday, August 10th were given a $0.05 dividend. The ex-dividend date was Monday, August 10th. Highway’s dividend payout ratio (DPR) is -15.62%.

Wall Street Analyst Weigh In

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

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.