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

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

Highway Trading Up 0.4 %

HIHO stock traded up $0.01 during trading 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’s 50-day moving average price is $2.10 and its two-hundred day moving average price is $2.05. Highway has a twelve month low of $1.80 and a twelve month high of $3.08.

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

Highway Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Monday, April 22nd will be given a dividend of $0.05 per share. The ex-dividend date is Friday, April 19th. This represents a $0.20 dividend on an annualized basis and a yield of 9.48%. Highway’s payout ratio is presently -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.