Highway Holdings Limited (NASDAQ:HIHO) Stock Short Interest Jumps 1,524.6%

Highway Holdings Limited (NASDAQ:HIHO) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 11,941 shares, a growth of 1,524.6% from the October 15th total of 735 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 13,115 shares, the short-interest ratio is presently 0.9 days.

Highway Trading Down 1.5%

Shares of NASDAQ HIHO traded down $0.01 during trading on Tuesday, reaching $0.84. The stock had a trading volume of 17,665 shares, compared to its average volume of 34,586. The company has a current ratio of 2.42, a quick ratio of 1.84 and a debt-to-equity ratio of 0.07. Highway has a fifty-two week low of $0.60 and a fifty-two week high of $2.21. The business’s 50-day moving average price is $0.86 and its 200-day moving average price is $0.87.

Highway Company Profile

Highway Holdings Limited (NASDAQ: HIHO) is a manufacturer of precision metal and plastic components and assemblies for original equipment manufacturers (OEMs). Its products include stamped and formed metal parts, wire products, springs, plastic-injection-molded components, cables, and related assemblies. The company serves customers in industries such as automotive, electronics, electrical equipment, industrial products, telecommunications, and medical equipment. Its manufacturing activities have been conducted primarily in Asia, including facilities in China and Myanmar, while its customer base has included companies in Europe, North America, and Asia.