Hon Hai Precision Industry Co., Ltd. (OTCMKTS:HNHPF) Sees Significant Increase in Short Interest

Hon Hai Precision Industry Co., Ltd. (OTCMKTS:HNHPF) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 110,500 shares, a growth of 246.4% from the August 15th total of 31,900 shares. Based on an average daily volume of 126,800 shares, the short-interest ratio is currently 0.9 days.

Hon Hai Precision Industry Stock Performance

Shares of OTCMKTS HNHPF traded up $0.09 during trading hours on Friday, hitting $10.88. 20,405 shares of the company traded hands, compared to its average volume of 61,047. The company’s 50 day moving average price is $11.64 and its 200 day moving average price is $10.48. Hon Hai Precision Industry has a 12 month low of $5.64 and a 12 month high of $14.16.

About Hon Hai Precision Industry

Hon Hai Precision Industry Co, Ltd. provides electronic OEM services. The company offers consumer electronics comprising of television sets, game consoles, set-top boxes, and speakers. It also provides cloud networking products consisting of routers, servers, edge computing, data centers, and satellite communications and other related equipment.