Short Interest in Highway Holdings Limited (NASDAQ:HIHO) Declines By 58.6%

Highway Holdings Limited (NASDAQ:HIHO) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 2,400 shares, a decrease of 58.6% from the March 31st total of 5,800 shares. Based on an average daily trading volume, of 7,100 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Highway Stock Up 0.4 %

Highway stock traded up $0.01 during trading hours on Friday, hitting $2.11. The stock had a trading volume of 9,692 shares, compared to its average volume of 4,244. The company has a 50-day moving average of $2.10 and a two-hundred day moving average of $2.05. Highway has a fifty-two week low of $1.80 and a fifty-two week high of $3.08. The company has a market cap of $9.26 million, a PE ratio of -8.79 and a beta of 0.09.

Highway (NASDAQ:HIHO) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.07 EPS for the quarter. The company had revenue of $4.11 million during the quarter. Highway had a negative net margin of 11.19% and a negative return on equity of 12.14%.

Highway Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Monday, April 22nd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.20 annualized dividend and a dividend yield of 9.48%. Highway’s dividend payout ratio is currently -83.33%.

About Highway

Highway Holdings Limited, together with its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers (OEMs) and contract manufacturers. It operates through two segments, Metal Stamping and Mechanical OEM; and Electric OEM.