Highway Holdings Limited (NASDAQ:HIHO) Short Interest Update

Highway Holdings Limited (NASDAQ:HIHO) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 27,003 shares, a decrease of 44.7% from the April 15th total of 48,790 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 15,050 shares, the days-to-cover ratio is presently 1.8 days.

Highway Stock Performance

NASDAQ:HIHO traded up $0.00 during trading hours on Friday, hitting $0.77. The company’s stock had a trading volume of 2,424 shares, compared to its average volume of 14,677. The business’s 50-day moving average is $0.82 and its two-hundred day moving average is $1.05. The company has a market capitalization of $3.56 million, a PE ratio of -4.83 and a beta of 0.54. Highway has a 52-week low of $0.74 and a 52-week high of $2.21.

Highway (NASDAQ:HIHO) last released its quarterly earnings data on Monday, March 2nd. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $1.15 million during the quarter. Highway had a negative return on equity of 12.30% and a negative net margin of 13.84%.

Institutional Trading of Highway

A hedge fund recently bought a new stake in Highway stock. Jane Street Group LLC bought a new stake in Highway Holdings Limited (NASDAQ:HIHO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,122 shares of the industrial products company’s stock, valued at approximately $38,000. Jane Street Group LLC owned about 0.52% of Highway as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 13.19% of the company’s stock.

About Highway

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.