Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) Short Interest Update

Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 5,510,000 shares, a decrease of 7.4% from the March 15th total of 5,950,000 shares. Based on an average trading volume of 730,400 shares, the short-interest ratio is currently 7.5 days. Currently, 11.5% of the company’s stock are sold short.

Institutional Trading of Hollysys Automation Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Syquant Capital Sas bought a new position in Hollysys Automation Technologies in the 1st quarter valued at approximately $3,298,000. Goldman Sachs Group Inc. lifted its position in Hollysys Automation Technologies by 392.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,122,107 shares of the industrial products company’s stock valued at $29,568,000 after acquiring an additional 894,022 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in Hollysys Automation Technologies in the 4th quarter valued at approximately $1,294,000. Bluefin Capital Management LLC bought a new position in Hollysys Automation Technologies in the 4th quarter valued at approximately $265,000. Finally, Vident Advisory LLC lifted its position in Hollysys Automation Technologies by 27.9% in the 4th quarter. Vident Advisory LLC now owns 15,665 shares of the industrial products company’s stock valued at $413,000 after acquiring an additional 3,417 shares in the last quarter. Hedge funds and other institutional investors own 78.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Hollysys Automation Technologies in a report on Tuesday. They set a “buy” rating on the stock.

Hollysys Automation Technologies Stock Down 1.5 %

Shares of HOLI stock traded down $0.38 during midday trading on Tuesday, reaching $24.67. 860,130 shares of the stock were exchanged, compared to its average volume of 715,148. The company has a current ratio of 2.90, a quick ratio of 2.70 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.53 billion, a PE ratio of 18.69 and a beta of 0.53. The company’s 50 day moving average is $25.63 and its two-hundred day moving average is $24.18. Hollysys Automation Technologies has a 1 year low of $15.13 and a 1 year high of $27.25.

Hollysys Automation Technologies (NASDAQ:HOLI) last posted its quarterly earnings results on Thursday, March 7th. The industrial products company reported $0.23 earnings per share for the quarter. The company had revenue of $223.72 million for the quarter. Hollysys Automation Technologies had a return on equity of 7.09% and a net margin of 10.56%.

About Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. provides automation control system solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.