Highway Holdings Limited (NASDAQ:HIHO – Get Free Report) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 735 shares, a growth of 550.4% from the September 30th total of 113 shares. Based on an average trading volume of 16,776 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.
Highway Trading Up 10.0%
HIHO stock traded up $0.07 during trading on Thursday, hitting $0.81. The company had a trading volume of 23,200 shares, compared to its average volume of 565,289. The firm has a 50-day moving average price of $0.87 and a 200-day moving average price of $0.88. Highway has a 12 month low of $0.60 and a 12 month high of $2.21. The company has a quick ratio of 1.84, a current ratio of 2.42 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.77 million, a price-to-earnings ratio of -2.54 and a beta of 0.46.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded Highway from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Get Our Latest Stock Report on Highway
About Highway
Highway Holdings Limited (NASDAQ: HIHO) is a manufacturer of precision metal and plastic components and assemblies for original equipment manufacturers (OEMs). Its products include stamped and formed metal parts, wire products, springs, plastic-injection-molded components, cables, and related assemblies.
The company serves customers in industries such as automotive, electronics, electrical equipment, industrial products, telecommunications, and medical equipment. Its manufacturing activities have been conducted primarily in Asia, including facilities in China and Myanmar, while its customer base has included companies in Europe, North America, and Asia.
Highway Holdings was established in 1990 and is headquartered in Hong Kong.
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