Highway Holdings Limited (NASDAQ:HIHO) Short Interest Update

Highway Holdings Limited (NASDAQ:HIHO) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 489,996 shares, a growth of 11,343.2% from the December 15th total of 4,282 shares. Approximately 15.7% of the company’s shares are short sold. Based on an average daily volume of 15,075,565 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 15,075,565 shares, the short-interest ratio is currently 0.0 days. Approximately 15.7% of the company’s shares are short sold.

Highway Price Performance

Shares of Highway stock traded down $0.04 during trading on Monday, hitting $1.17. 49,818 shares of the stock were exchanged, compared to its average volume of 135,941. The stock has a market cap of $5.38 million, a price-to-earnings ratio of -9.75 and a beta of 0.31. The firm’s 50-day moving average price is $1.29 and its 200 day moving average price is $1.52. Highway has a 12-month low of $0.77 and a 12-month high of $2.21.

Highway (NASDAQ:HIHO) last announced its quarterly earnings results on Monday, December 15th. The industrial products company reported ($0.08) EPS for the quarter. Highway had a negative net margin of 8.71% and a negative return on equity of 8.57%. The company had revenue of $1.18 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Highway in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Highway Company Profile

Highway 33 Acquisition Corp. (NASDAQ: HIHO) is a special purpose acquisition company formed to raise capital through an initial public offering for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase or similar business combination with one or more businesses. As a blank‐check vehicle, the company does not have commercial operations of its own but instead seeks to partner with an established private company to bring it public through a business combination.

Since completing its initial public offering in 2021, the company has focused on identifying target businesses in growth‐oriented industries, including technology, consumer products and specialty manufacturing.