Highway Holdings Limited (NASDAQ:HIHO) Short Interest Down 5.4% in November

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

Highway Stock Performance

Shares of HIHO opened at $1.90 on Thursday. The business’s 50 day moving average is $1.95 and its 200 day moving average is $1.95. Highway has a 12-month low of $1.70 and a 12-month high of $2.88. The company has a market capitalization of $8.36 million, a PE ratio of -15.83 and a beta of 0.03.

Highway (NASDAQ:HIHO) last released its quarterly earnings data on Thursday, October 10th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $2.12 million for 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 10.53%. The ex-dividend date is Thursday, December 12th. This is an increase from Highway’s previous quarterly dividend of $0.02. Highway’s dividend payout ratio is -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.