Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) Short Interest Down 7.4% in March

Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 5,510,000 shares, a decline of 7.4% from the March 15th total of 5,950,000 shares. Currently, 11.5% of the shares of the company are sold short. Based on an average daily trading volume, of 730,400 shares, the days-to-cover ratio is currently 7.5 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Hollysys Automation Technologies in a research report on Tuesday. They set a “buy” rating on the stock.

Hollysys Automation Technologies Stock Performance

HOLI traded up $0.24 during midday trading on Wednesday, hitting $24.91. 294,579 shares of the company were exchanged, compared to its average volume of 712,017. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 18.41 and a beta of 0.53. The company’s 50 day simple moving average is $25.61 and its 200 day simple moving average is $24.21. The company has a current ratio of 2.90, a quick ratio of 2.70 and a debt-to-equity ratio of 0.04. Hollysys Automation Technologies has a 1-year low of $15.13 and a 1-year high of $27.25.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings results on Thursday, March 7th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter. The company had revenue of $223.72 million during the quarter. Hollysys Automation Technologies had a return on equity of 7.09% and a net margin of 10.56%.

Institutional Trading of Hollysys Automation Technologies

Hedge funds have recently added to or reduced their stakes in the company. Quilter Plc purchased a new stake in shares of Hollysys Automation Technologies during the 1st quarter worth about $645,450,000. FourWorld Capital Management LLC acquired a new stake in Hollysys Automation Technologies in the fourth quarter valued at approximately $26,000. Blue Trust Inc. lifted its position in Hollysys Automation Technologies by 665.2% during the fourth quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company’s stock worth $28,000 after buying an additional 918 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Hollysys Automation Technologies in the 1st quarter valued at about $35,000. Finally, US Bancorp DE raised its stake in Hollysys Automation Technologies by 71.5% during the fourth quarter. US Bancorp DE now owns 2,984 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 1,244 shares during the period. 78.67% of the stock is owned by hedge funds and other institutional investors.

Hollysys Automation Technologies Company Profile

Hollysys Automation Technologies Ltd. provides automation control system solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.