DIH Holding US, Inc. (NASDAQ:DHAI) Sees Large Drop in Short Interest

DIH Holding US, Inc. (NASDAQ:DHAI) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 151,500 shares, a drop of 35.0% from the February 28th total of 232,900 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 473,700 shares, the days-to-cover ratio is presently 0.3 days.

DIH Holding US Stock Down 3.5 %

Shares of DIH Holding US stock traded down $0.01 during trading on Friday, reaching $0.25. The company’s stock had a trading volume of 987,862 shares, compared to its average volume of 189,764. The business has a 50 day moving average price of $0.57 and a 200-day moving average price of $1.21. The company has a market capitalization of $11.83 million, a P/E ratio of -0.83 and a beta of -0.56. DIH Holding US has a 12-month low of $0.24 and a 12-month high of $3.67.

DIH Holding US (NASDAQ:DHAI) last posted its quarterly earnings results on Friday, February 14th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $15.09 million for the quarter. DIH Holding US had a negative return on equity of 5.07% and a negative net margin of 13.59%.

DIH Holding US Company Profile

DIH Holding US, Inc operates as a robotics and virtual reality (VR) technology provider for the rehabilitation industry in Europe, the Middle East, Africa, the United States, and the Asia Pacific. It offers ArmeoPower, a backbone robot for arm and hand therapy in an early stage of rehabilitation; ArmeoSpring for less severe patients that provides self-initiated repetitive arm and hand therapy in an extensive workspace; ArmeoSpring Pro; and Armeo Senso, for patients self-initiated and still structurally controlled movement patterns to completely open movement.