Highway Holdings Limited (NASDAQ:HIHO) Short Interest Update

Highway Holdings Limited (NASDAQ:HIHO) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 21,100 shares, a drop of 21.9% from the February 28th total of 27,000 shares. Based on an average daily volume of 5,700 shares, the days-to-cover ratio is currently 3.7 days. Approximately 0.8% of the shares of the stock are sold short.

Highway Stock Up 0.3 %

Shares of Highway stock traded up $0.01 on Monday, hitting $1.85. 935 shares of the company were exchanged, compared to its average volume of 38,158. Highway has a 1-year low of $1.70 and a 1-year high of $2.88. The stock has a market capitalization of $8.12 million, a price-to-earnings ratio of -10.85 and a beta of 0.17. The company has a 50-day moving average price of $1.87 and a 200 day moving average price of $1.91.

Highway (NASDAQ:HIHO) last released its quarterly earnings data on Tuesday, January 21st. The industrial products company reported $0.02 earnings per share for the quarter. Highway had a positive return on equity of 1.53% and a negative net margin of 10.36%.

Highway Company Profile

Highway Holdings Limited, together with its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers (OEMs) and contract manufacturers. It operates through two segments, Metal Stamping and Mechanical OEM; and Electric OEM.