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

Key Points

• Short interest surged 855.7% in April to 289,793 shares, pushing the days-to-cover to about 3.3 based on average daily volume.
• The stock traded at $14.13 on Friday with 28,199 shares changing hands (below its average of 44,117), and sits near its 200-day moving average with a 12-month range of $8.50–$17.50.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF - Get Free Report) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 289,793 shares, an increase of 855.7% from the March 31st total of 30,322 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 88,529 shares, the days-to-cover ratio is presently 3.3 days.

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

Shares of OTCMKTS HNHPF traded down $0.12 during trading hours on Friday, hitting $14.13. 28,199 shares of the company traded hands, compared to its average volume of 44,117. The company's 50 day moving average price is $13.39 and its 200 day moving average price is $14.28. Hon Hai Precision Industry Co., Ltd. Sponsored GDR has a 12 month low of $8.50 and a 12 month high of $17.50.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Company Profile

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.

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