Highway Holdings Limited (NASDAQ:HIHO) Shares Shorted: Short Interest Down 88.8% in September

Highway Holdings Limited (NASDAQ:HIHO) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 113 shares, a decrease of 88.8% from the September 15th total of 1,013 shares. Based on an average trading volume of 60,042 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

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

Highway Trading Down 1.2%

Shares of NASDAQ HIHO opened at $0.86 on Friday. Highway has a 1 year low of $0.60 and a 1 year high of $2.21. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.42 and a quick ratio of 1.84. The firm has a 50-day moving average of $0.94 and a 200 day moving average of $0.87. The stock has a market cap of $3.98 million, a P/E ratio of -2.69 and a beta of 0.46.

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

Highway Dividend Announcement

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

About Highway

Highway Holdings Limited (NASDAQ:HIHO) is a manufacturer of precision metal and plastic components, subassemblies, and finished products for original equipment manufacturers and other industrial customers. The company provides services that include metal stamping, precision machining, wire forming, welding, plastic injection molding, and product assembly.

Highway Holdings serves customers in industries such as automotive, electronics, telecommunications, and other industrial markets. Its manufacturing and assembly operations have historically been based in China, while its customer base has included companies in North America, Europe, and Asia.

Founded in 1990, the company operates as an outsourced manufacturing partner, producing components and assemblies according to customer specifications.