Highway Holdings Limited (NASDAQ:HIHO) Sees Large Growth in Short Interest

( ) has seen a notable increase in short-term interest during the month of April. On April 30, there were 1,900 short shares, a 216.7% increase from the 600 shares on April 15. The days-to-cover is currently 0.1 based on a daily average trading volume of 12,700 share. Short-selling is currently 0.1% of shares.

Highway Stock Performance

Trading at midday on Thursday saw a $0.01 increase, reaching $2.00. The company exchanged 1,051 shares, as opposed to the average of 10,807. The company has a moving average for fifty days of $2.04, and a moving average for 200 days of $2.17. The market cap is $6.00 million. There is a P/E of 18.14, and beta of 0.27. The last time the company released its results was on February 15th. The industrial products company posted $0.01 per share in earnings for the third quarter. The company generated $2.56 million in revenue during the quarter. Highway's return on equity was 4.93%, and its net margin was 0.02%.

Wall Street analysts weigh in

Separately TheStreet has downgraded Highway's rating from a "b-" to a "c+" in a report published on Tuesday, 11th April.

Road Company Profile

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Highway Holdings Ltd. is engaged in manufacturing metal, plastic, electronic, and electric components, as well as finished products. It is divided into the Metal Stamping and Mechanical Original Equipment Manufacturers (OEM) and Electric OEM Segments. Metal Stamping and Mechanical OEM focuses on manufacturing and selling metal components and parts.

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