Short Interest in Highway Holdings Limited (NASDAQ:HIHO) Rises By 107.7%

Highway Holdings Limited (NASDAQ:HIHO) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 2,700 shares, a growth of 107.7% from the September 15th total of 1,300 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 8,700 shares, the short-interest ratio is currently 0.3 days.

Highway Stock Performance

HIHO traded up $0.08 during trading on Friday, reaching $1.95. The company’s stock had a trading volume of 11,424 shares, compared to its average volume of 6,746. The company’s fifty day moving average price is $1.86 and its 200-day moving average price is $2.01. The company has a market capitalization of $8.56 million, a price-to-earnings ratio of -8.13 and a beta of 0.03. Highway has a 52-week low of $1.70 and a 52-week high of $2.36.

Highway (NASDAQ:HIHO) last posted its earnings results on Thursday, August 1st. The industrial products company reported $0.02 earnings per share (EPS) for the quarter. Highway had a positive return on equity of 4.08% and a negative net margin of 6.52%. The firm had revenue of $1.88 million for the quarter.

Highway Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 4th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.08 annualized dividend and a dividend yield of 4.10%. Highway’s dividend payout ratio is presently -33.33%.

About Highway

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.