Highway Holdings Limited (NASDAQ:HIHO) Stock Short Interest Report for October

Highway Holdings Limited (NASDAQ:HIHO) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 11,941 shares, a growth of 1,524.6% from the October 15th total of 735 shares. Based on an average daily volume of 13,115 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the shares of the stock are sold short.

Highway Price Performance

HIHO stock traded down $0.03 during midday trading on Thursday, hitting $0.82. 24,166 shares of the stock were exchanged, compared to its average volume of 541,900. The stock has a market cap of $3.80 million, a price-to-earnings ratio of -2.58 and a beta of 0.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.84 and a current ratio of 2.42. Highway has a fifty-two week low of $0.60 and a fifty-two week high of $2.21. The stock’s 50-day moving average price is $0.86 and its 200-day moving average price is $0.87.

About Highway

Highway Holdings Limited (NASDAQ: HIHO) is a manufacturer of precision metal and plastic components and assemblies for original equipment manufacturers (OEMs). Its products include stamped and formed metal parts, wire products, springs, plastic-injection-molded components, cables, and related assemblies. The company serves customers in industries such as automotive, electronics, electrical equipment, industrial products, telecommunications, and medical equipment. Its manufacturing activities have been conducted primarily in Asia, including facilities in China and Myanmar, while its customer base has included companies in Europe, North America, and Asia.