Short Interest in Highway Holdings Limited (NASDAQ:HIHO) Decreases By 21.9%

Highway Holdings Limited (NASDAQ:HIHO) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 21,100 shares, a decrease of 21.9% from the February 28th total of 27,000 shares. Based on an average trading volume of 5,700 shares, the short-interest ratio is currently 3.7 days. Approximately 0.8% of the company’s shares are short sold.

Highway Trading Up 0.3 %

Highway stock traded up $0.01 during mid-day trading on Monday, hitting $1.85. The company’s stock had a trading volume of 935 shares, 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 firm has a market capitalization of $8.12 million, a PE ratio of -10.85 and a beta of 0.17. The stock’s fifty day moving average is $1.87 and its two-hundred day moving average is $1.91.

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

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.