Short Interest in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) Decreases By 7.4%

Hollysys Automation Technologies Ltd. (NASDAQ:HOLI - Get Free Report) saw a significant 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. Based on an average daily trading volume, of 730,400 shares, the days-to-cover ratio is currently 7.5 days. Currently, 11.5% of the shares of the company are short sold.

Hollysys Automation Technologies Price Performance

HOLI stock traded down $0.38 on Tuesday, reaching $24.67. 1,052,434 shares of the company's stock were exchanged, compared to its average volume of 715,337. The stock has a fifty day moving average of $25.63 and a 200-day moving average of $24.18. Hollysys Automation Technologies has a twelve month low of $15.13 and a twelve month high of $27.25. The firm has a market cap of $1.53 billion, a PE ratio of 18.69 and a beta of 0.53. The company has a quick ratio of 2.70, a current ratio of 2.90 and a debt-to-equity ratio of 0.04.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Hollysys Automation Technologies in a report on Tuesday. They issued a "buy" rating on the stock.

Institutional Trading of Hollysys Automation Technologies

Institutional investors have recently bought and sold shares of the company. FourWorld Capital Management LLC purchased a new stake in Hollysys Automation Technologies during the fourth quarter worth $26,000. Blue Trust Inc. lifted its position in shares of Hollysys Automation Technologies by 665.2% in the fourth quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 918 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Hollysys Automation Technologies in the first quarter valued at $35,000. US Bancorp DE lifted its position in shares of Hollysys Automation Technologies by 71.5% in the fourth quarter. US Bancorp DE now owns 2,984 shares of the industrial products company's stock valued at $79,000 after acquiring an additional 1,244 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Hollysys Automation Technologies in the first quarter valued at $88,000. 78.67% of the stock is currently owned by hedge funds and other institutional investors.

About Hollysys Automation Technologies

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.