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

Highway Holdings Limited (NASDAQ:HIHO) was the target 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. Currently, 1.7% of the company’s shares are sold short. Based on an average daily volume of 126,500 shares, the short-interest ratio is presently 0.4 days.

Highway Price Performance

NASDAQ:HIHO opened at $1.90 on Thursday. The firm has a market capitalization of $8.36 million, a price-to-earnings ratio of -15.83 and a beta of 0.03. The business has a 50 day simple moving average of $1.95 and a 200-day simple moving average of $1.95. Highway has a 1 year low of $1.70 and a 1 year high of $2.88.

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

Highway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Thursday, December 12th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, December 12th. 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 dividend yield of 10.53%. Highway’s payout ratio 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.