Short Interest in Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) Drops By 27.8%

Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 64,988 shares, a drop of 27.8% from the February 26th total of 90,020 shares. Based on an average trading volume of 85,314 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the shares of the stock are short sold.

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

OTCMKTS HNHPF traded down $0.25 during trading hours on Friday, reaching $12.10. The company’s stock had a trading volume of 70,634 shares, compared to its average volume of 40,304. Hon Hai Precision Industry Co., Ltd. Sponsored GDR has a 1-year low of $6.75 and a 1-year high of $17.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.04 and a current ratio of 1.48. The company’s 50-day moving average is $13.89 and its two-hundred day moving average is $14.50.

About Hon Hai Precision Industry Co., Ltd. Sponsored GDR

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.