Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) Stock Short Interest Report for September

Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 442,937 shares, a drop of 35.4% from the September 15th total of 685,984 shares. Based on an average daily volume of 42,419 shares, the short-interest ratio is presently 10.4 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Barclays restated an “overweight” rating and set a $23.00 target price on shares of Hon Hai Precision Industry Co., Ltd. Sponsored GDR in a report on Thursday, August 20th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $23.00.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Stock Performance

Shares of OTCMKTS HNHPF opened at $15.18 on Friday. The business has a 50-day moving average of $15.89 and a 200-day moving average of $15.54. Hon Hai Precision Industry Co., Ltd. Sponsored GDR has a fifty-two week low of $11.50 and a fifty-two week high of $20.26.

About Hon Hai Precision Industry Co., Ltd. Sponsored GDR

Hon Hai Precision Industry Co, Ltd., commonly known as Foxconn, is a Taiwan-based electronics manufacturing services company. It provides product design, component manufacturing, assembly, testing, supply-chain management and after-sales services for technology companies and other industrial customers.

The company manufactures and supports a broad range of products, including smartphones, computers, servers, networking equipment, televisions, game consoles, electronic components and connectors.