Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) Short Interest Down 53.3% in March

Key Points

• Short interest plunged 53.3% in March to 30,322 shares as of March 31 (down from 64,988 on March 15), with a days-to-cover ratio of about 0.4 days and roughly 0.0% of shares sold short.
• HNHPF opened at $12.70, is trading below its 50‑day and 200‑day moving averages ($13.49 and $14.36), and sits within a 52‑week range of $7.35 to $17.50; the stock was up about 0.8% on the day reported.
• Hon Hai (Foxconn) is a leading global electronics contract manufacturer providing design, assembly, supply‑chain and turnkey production services for smartphones, PCs, servers and other electronic products.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF - Get Free Report) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totaling 30,322 shares, a drop of 53.3% from the March 15th total of 64,988 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 86,459 shares, the days-to-cover ratio is presently 0.4 days.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Stock Up 0.8%

Shares of HNHPF stock opened at $12.70 on Friday. The stock's fifty day moving average price is $13.49 and its two-hundred day moving average price is $14.36. Hon Hai Precision Industry Co., Ltd. Sponsored GDR has a fifty-two week low of $7.35 and a fifty-two week 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.

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