Highway Holdings Limited (NASDAQ:HIHO) Short Interest Update

Highway Holdings Limited (NASDAQ:HIHO) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 2,400 shares, a decrease of 58.6% from the March 31st total of 5,800 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 7,100 shares, the short-interest ratio is presently 0.3 days.

Highway Price Performance

HIHO traded up $0.01 during trading hours on Friday, hitting $2.11. 9,692 shares of the stock were exchanged, compared to its average volume of 4,244. Highway has a 12 month low of $1.80 and a 12 month high of $3.08. The stock has a 50-day simple moving average of $2.10 and a 200-day simple moving average of $2.05. The stock has a market cap of $9.26 million, a price-to-earnings ratio of -8.79 and a beta of 0.09.

Highway (NASDAQ:HIHO) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.07 EPS for the quarter. Highway had a negative net margin of 11.19% and a negative return on equity of 12.14%. The business had revenue of $4.11 million during the quarter.

Highway Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Monday, April 22nd will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 9.48%. The ex-dividend date is Friday, April 19th. Highway’s payout ratio is -83.33%.

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.