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

Highway Holdings Limited (NASDAQ:HIHO) was the target of a significant growth in short interest in 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 days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Highway from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Highway currently has a consensus rating of “Sell”.

Highway Stock Performance

Shares of NASDAQ HIHO traded up $0.01 during trading on Tuesday, hitting $0.73. The company had a trading volume of 2,136 shares, compared to its average volume of 570,653. Highway has a 12 month low of $0.60 and a 12 month high of $2.21. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.84 and a current ratio of 2.42. The firm has a market capitalization of $3.38 million, a P/E ratio of -2.28 and a beta of 0.46. The stock has a 50 day simple moving average of $0.88 and a 200 day simple moving average of $0.89.

About Highway

Highway Holdings Limited (NASDAQ:HIHO) is a manufacturer of precision metal and plastic components, subassemblies, and finished products for original equipment manufacturers and other industrial customers. The company provides services that include metal stamping, precision machining, wire forming, welding, plastic injection molding, and product assembly.

Highway Holdings serves customers in industries such as automotive, electronics, telecommunications, and other industrial markets. Its manufacturing and assembly operations have historically been based in China, while its customer base has included companies in North America, Europe, and Asia.

Founded in 1990, the company operates as an outsourced manufacturing partner, producing components and assemblies according to customer specifications.