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

Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 90,020 shares, a decline of 19.7% from the February 12th total of 112,167 shares. Based on an average daily volume of 73,419 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 73,419 shares, the days-to-cover ratio is currently 1.2 days.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Price Performance

HNHPF opened at $13.05 on Monday. The company has a 50 day simple moving average of $14.31 and a two-hundred day simple moving average of $14.56. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.19. Hon Hai Precision Industry Co., Ltd. Sponsored GDR has a 1-year low of $6.75 and a 1-year high of $17.50.

About Hon Hai Precision Industry Co., Ltd. Sponsored GDR

Hon Hai Precision Industry Co, Ltd., commonly known as Foxconn, is a leading global electronics contract manufacturer and technology solutions provider. The company specializes in the design, development and assembly of a wide range of electronic products, including smartphones, tablets, personal computers, servers and networking equipment. Alongside its core manufacturing services, Hon Hai offers turnkey production capabilities, encompassing engineering, supply chain management and after-sales support for original equipment manufacturers (OEMs) and brand owners.

Founded in 1974 by Terry Gou and headquartered in Tucheng District, New Taipei City, Taiwan, Hon Hai has grown from a single factory operation into one of the world’s largest private employers.