Highway Holdings Limited (NASDAQ:HIHO) Short Interest Update

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

Analysts Set New Price Targets

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

Highway Stock Down 0.5%

Shares of NASDAQ:HIHO traded down $0.01 during trading hours on Thursday, hitting $0.93. The company’s stock had a trading volume of 150,470 shares, compared to its average volume of 33,168. The firm’s fifty day moving average price is $0.98 and its 200 day moving average price is $0.87. Highway has a 52 week low of $0.60 and a 52 week high of $2.21. The company has a market capitalization of $4.31 million, a price-to-earnings ratio of -2.91 and a beta of 0.48. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.42 and a quick ratio of 1.84.

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

Highway Dividend Announcement

The business also recently declared 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 of this dividend was Monday, August 10th. Highway’s payout ratio is presently -15.62%.

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.