Highway Holdings Limited (NASDAQ:HIHO) Short Interest Update

Highway Holdings Limited (NASDAQ:HIHO) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 45,600 shares, a decline of 5.4% from the November 15th total of 48,200 shares. Based on an average daily volume of 126,500 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.7% of the shares of the company are sold short.

Highway Stock Up 0.5 %

Shares of NASDAQ:HIHO opened at $1.91 on Wednesday. The stock has a market capitalization of $8.41 million, a PE ratio of -15.83 and a beta of 0.03. The firm’s 50 day moving average price is $1.95 and its 200-day moving average price is $1.95. Highway has a twelve month low of $1.70 and a twelve month high of $2.88.

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

Highway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Thursday, December 12th will be issued a $0.05 dividend. This is a boost from Highway’s previous quarterly dividend of $0.02. This represents a $0.20 dividend on an annualized basis and a yield of 10.47%. The ex-dividend date is Thursday, December 12th. Highway’s dividend payout ratio (DPR) is currently -166.67%.

Highway Company Profile

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.