Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) Sees Significant Growth in Short Interest

Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 428,140 shares, an increase of 80.9% from the April 30th total of 236,629 shares. Based on an average trading volume of 76,903 shares, the short-interest ratio is currently 5.6 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Barclays reaffirmed an “overweight” rating and set a $22.00 target price on shares of Hon Hai Precision Industry Co., Ltd. Sponsored GDR in a research report on Tuesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $22.00.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Stock Performance

Shares of OTCMKTS:HNHPF opened at $19.22 on Tuesday. The business has a 50 day moving average price of $14.27 and a 200 day moving average price of $14.34. Hon Hai Precision Industry Co., Ltd. Sponsored GDR has a twelve month low of $10.10 and a twelve month high of $20.26.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Company Profile

Hon Hai Precision Industry Co, Ltd., commonly known as Foxconn, is a leading global electronics contract manufacturer and technology solutions provider. The company specializes in the design, development and assembly of a wide range of electronic products, including smartphones, tablets, personal computers, servers and networking equipment. Alongside its core manufacturing services, Hon Hai offers turnkey production capabilities, encompassing engineering, supply chain management and after-sales support for original equipment manufacturers (OEMs) and brand owners.

Founded in 1974 by Terry Gou and headquartered in Tucheng District, New Taipei City, Taiwan, Hon Hai has grown from a single factory operation into one of the world’s largest private employers.