Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,193,196 shares, a growth of 39.0% from the July 14th total of 858,262 shares. Currently, 2.4% of the company’s shares are sold short. Based on an average daily volume of 308,845 shares, the days-to-cover ratio is presently 3.9 days.

Hollysys Automation Technologies (HOLI) opened at 18.89 on Friday. Hollysys Automation Technologies has a 1-year low of $15.08 and a 1-year high of $23.55. The company has a 50-day moving average price of $17.71 and a 200 day moving average price of $17.00. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 14.16 and a beta of 1.53.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings data on Thursday, May 11th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.06. Hollysys Automation Technologies had a return on equity of 11.65% and a net margin of 18.27%. The firm had revenue of $91.30 million for the quarter, compared to analysts’ expectations of $99.35 million. The company’s revenue for the quarter was down 23.1% compared to the same quarter last year. Equities analysts anticipate that Hollysys Automation Technologies will post $1.38 earnings per share for the current year.

HOLI has been the subject of several analyst reports. ValuEngine lowered Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research lowered Hollysys Automation Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 16th. Finally, TheStreet upgraded Hollysys Automation Technologies from a “c+” rating to a “b” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.85.

Hedge funds have recently made changes to their positions in the company. Davis Selected Advisers raised its stake in shares of Hollysys Automation Technologies by 168.7% in the second quarter. Davis Selected Advisers now owns 3,391,934 shares of the industrial products company’s stock valued at $56,340,000 after buying an additional 2,129,546 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Hollysys Automation Technologies by 5.5% in the second quarter. Schroder Investment Management Group now owns 3,241,090 shares of the industrial products company’s stock valued at $53,218,000 after buying an additional 169,621 shares in the last quarter. Pictet Asset Management Ltd. raised its stake in shares of Hollysys Automation Technologies by 1.3% in the second quarter. Pictet Asset Management Ltd. now owns 2,974,389 shares of the industrial products company’s stock valued at $47,560,000 after buying an additional 39,221 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Hollysys Automation Technologies by 11.0% in the first quarter. Wellington Management Group LLP now owns 2,174,058 shares of the industrial products company’s stock valued at $36,807,000 after buying an additional 215,443 shares in the last quarter. Finally, Hermes Investment Management Ltd. raised its stake in shares of Hollysys Automation Technologies by 265.1% in the second quarter. Hermes Investment Management Ltd. now owns 2,130,121 shares of the industrial products company’s stock valued at $35,381,000 after buying an additional 1,546,614 shares in the last quarter. Institutional investors and hedge funds own 70.39% of the company’s stock.

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About Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.

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