Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) Short Interest Update

Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 5,510,000 shares, a decrease of 7.4% from the March 15th total of 5,950,000 shares. Based on an average trading volume of 730,400 shares, the days-to-cover ratio is presently 7.5 days. Currently, 11.5% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Hollysys Automation Technologies in a research report on Tuesday. They set a “buy” rating for the company.

Institutional Trading of Hollysys Automation Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FourWorld Capital Management LLC purchased a new position in shares of Hollysys Automation Technologies during the 4th quarter worth approximately $26,000. Blue Trust Inc. grew its holdings in Hollysys Automation Technologies by 665.2% during the 4th quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company’s stock valued at $28,000 after buying an additional 918 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in Hollysys Automation Technologies during the 1st quarter valued at $35,000. US Bancorp DE lifted its stake in shares of Hollysys Automation Technologies by 71.5% during the 4th quarter. US Bancorp DE now owns 2,984 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 1,244 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Hollysys Automation Technologies during the 1st quarter worth $88,000. 78.67% of the stock is owned by hedge funds and other institutional investors.

Hollysys Automation Technologies Stock Down 1.5 %

Shares of NASDAQ:HOLI traded down $0.38 on Tuesday, hitting $24.67. 860,130 shares of the company’s stock were exchanged, compared to its average volume of 715,148. The firm’s 50-day moving average is $25.63 and its 200 day moving average is $24.18. The company has a market capitalization of $1.53 billion, a PE ratio of 18.69 and a beta of 0.53. Hollysys Automation Technologies has a 1-year low of $15.13 and a 1-year high of $27.25. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.70 and a current ratio of 2.90.

Hollysys Automation Technologies (NASDAQ:HOLI) last posted its earnings results on Thursday, March 7th. The industrial products company reported $0.23 earnings per share for the quarter. Hollysys Automation Technologies had a return on equity of 7.09% and a net margin of 10.56%. The business had revenue of $223.72 million during the quarter.

Hollysys Automation Technologies Company Profile

Hollysys Automation Technologies Ltd. provides automation control system solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.