Highway Holdings Limited (NASDAQ:HIHO) Short Interest Update

Highway Holdings Limited (NASDAQ:HIHO) was the recipient 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. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 13,034 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Highway from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Highway Stock Down 0.5%

Highway stock traded down $0.01 during midday trading on Thursday, reaching $0.93. The company’s stock had a trading volume of 150,470 shares, compared to its average volume of 33,168. The stock’s 50-day simple moving average is $0.98 and its 200-day simple moving average is $0.87. 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 has a 52-week low of $0.60 and a 52-week high of $2.21. The stock has a market capitalization of $4.31 million, a P/E ratio of -2.91 and a beta of 0.48.

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

Highway Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Monday, August 10th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 10th. Highway’s payout ratio is -15.62%.

Highway Company Profile

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.