Highway Holdings Limited (NASDAQ:HIHO) Short Interest Update

Highway Holdings Limited (NASDAQ:HIHO) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 63,800 shares, a growth of 4,457.1% from the October 15th total of 1,400 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average trading volume of 124,700 shares, the days-to-cover ratio is presently 0.5 days.

Highway Price Performance

Shares of HIHO opened at $1.96 on Wednesday. Highway has a 1-year low of $1.70 and a 1-year high of $2.88. The stock has a market cap of $8.62 million, a PE ratio of -16.33 and a beta of 0.02. The firm has a fifty day moving average price of $1.92 and a 200 day moving average price of $1.98.

Highway (NASDAQ:HIHO) last posted its earnings results on Thursday, October 10th. The industrial products company reported $0.05 earnings per share for the quarter. The business had revenue of $2.12 million during the quarter. Highway had a positive return on equity of 4.49% and a negative net margin of 5.79%.

Highway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Thursday, December 12th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 10.20%. This is a boost from Highway’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Thursday, December 12th. Highway’s payout ratio is presently -66.67%.

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.