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

Hollysys Automation Technologies Ltd. (NASDAQ:HOLIGet Free Report) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 5,560,000 shares, an increase of 92.4% from the January 15th total of 2,890,000 shares. Based on an average daily volume of 1,240,000 shares, the short-interest ratio is presently 4.5 days. Currently, 11.6% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Hollysys Automation Technologies in a report on Monday. They issued a “buy” rating on the stock.

Check Out Our Latest Research Report on HOLI

Hollysys Automation Technologies Price Performance

Shares of NASDAQ HOLI traded up $0.10 during midday trading on Monday, hitting $25.81. The stock had a trading volume of 1,160,582 shares, compared to its average volume of 1,270,734. The company has a market capitalization of $1.60 billion, a PE ratio of 13.60 and a beta of 0.53. The stock has a 50 day simple moving average of $25.50 and a 200-day simple moving average of $21.80. Hollysys Automation Technologies has a 1 year low of $15.13 and a 1 year high of $27.25. The company has a quick ratio of 2.78, a current ratio of 3.01 and a debt-to-equity ratio of 0.04.

Hollysys Automation Technologies (NASDAQ:HOLIGet Free Report) last released its earnings results on Wednesday, November 15th. The industrial products company reported $0.52 earnings per share for the quarter. The business had revenue of $199.90 million for the quarter. Hollysys Automation Technologies had a return on equity of 10.10% and a net margin of 14.52%.

Hedge Funds Weigh In On Hollysys Automation Technologies

A number of institutional investors have recently added to or reduced their stakes in HOLI. Truist Financial Corp raised its position in Hollysys Automation Technologies by 2.0% in the fourth quarter. Truist Financial Corp now owns 22,110 shares of the industrial products company’s stock valued at $583,000 after purchasing an additional 434 shares during the period. Quilter Plc purchased a new stake in Hollysys Automation Technologies in the first quarter valued at $645,450,000. Blue Trust Inc. raised its position in Hollysys Automation Technologies by 665.2% in the fourth quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 918 shares during the period. Stifel Financial Corp raised its position in Hollysys Automation Technologies by 7.6% in the second quarter. Stifel Financial Corp now owns 14,688 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 1,039 shares during the period. Finally, Invesco Ltd. raised its position in Hollysys Automation Technologies by 1.9% in the third quarter. Invesco Ltd. now owns 60,026 shares of the industrial products company’s stock valued at $1,191,000 after purchasing an additional 1,106 shares during the period. Hedge funds and other institutional investors own 64.00% of the company’s stock.

Hollysys Automation Technologies Company Profile

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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.

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