Highway Holdings Limited (NASDAQ:HIHO) Short Interest Update

Highway Holdings Limited (NASDAQ:HIHO) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 39,833 shares, a drop of 91.9% from the December 31st total of 489,996 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 101,919 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 101,919 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.3% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Highway in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Highway presently has a consensus rating of “Sell”.

Highway Stock Performance

Highway stock traded down $0.12 during trading hours on Wednesday, hitting $0.92. The company had a trading volume of 163,924 shares, compared to its average volume of 84,873. Highway has a 1 year low of $0.77 and a 1 year high of $2.21. The firm has a market cap of $4.23 million, a P/E ratio of -7.67 and a beta of 0.31. The company has a 50-day moving average price of $1.20 and a two-hundred day moving average price of $1.48.

Highway (NASDAQ:HIHO) last released its quarterly earnings results on Monday, December 15th. The industrial products company reported ($0.08) earnings per share for the quarter. The firm had revenue of $1.18 million during the quarter. Highway had a negative net margin of 8.71% and a negative return on equity of 8.57%.

Highway Company Profile

Highway 33 Acquisition Corp. (NASDAQ: HIHO) is a special purpose acquisition company formed to raise capital through an initial public offering for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase or similar business combination with one or more businesses. As a blank?check vehicle, the company does not have commercial operations of its own but instead seeks to partner with an established private company to bring it public through a business combination.

Since completing its initial public offering in 2021, the company has focused on identifying target businesses in growth?oriented industries, including technology, consumer products and specialty manufacturing.