Hollysys Automation Technologies Ltd. (NASDAQ:HOLI – Get 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.
Hollysys Automation Technologies Price Performance
Hollysys Automation Technologies (NASDAQ:HOLI – Get 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
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.
- Five stocks we like better than Hollysys Automation Technologies
- Short Selling: How to Short a Stock
- 3 attractive stocks that insiders are buying
- Retail Stocks Investing, Explained
- Alpha and Omega Semiconductor ready to bounce, DOJ cloud lifts
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Wendy’s vs Shake Shack: Out with the new, in with the old?
Receive News & Ratings for Hollysys Automation Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hollysys Automation Technologies and related companies with MarketBeat.com's FREE daily email newsletter.