Highway Holdings Limited (NASDAQ:HIHO) Sees Large Increase in Short Interest

Highway Holdings Limited (NASDAQ:HIHO) saw a large growth in short interest during 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 shares of the company are sold short. Based on an average daily trading volume, of 13,115 shares, the days-to-cover ratio is currently 0.9 days.

Highway Stock Performance

NASDAQ HIHO traded up $0.01 during trading hours on Wednesday, reaching $0.85. 356 shares of the company were exchanged, compared to its average volume of 544,266. The stock has a market capitalization of $3.94 million, a P/E ratio of -2.66 and a beta of 0.46. The company has a quick ratio of 1.84, a current ratio of 2.42 and a debt-to-equity ratio of 0.07. Highway has a 1 year low of $0.60 and a 1 year high of $2.21. The business’s 50 day simple moving average is $0.86 and its 200-day simple moving average is $0.87.

About Highway

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.