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

Hon Hai Precision Industry Co., Ltd. (OTCMKTS:HNHPF - Get Free Report) saw a large decline in short interest in May. As of May 15th, there was short interest totalling 398,300 shares, a decline of 27.4% from the April 30th total of 548,600 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 66,000 shares, the days-to-cover ratio is currently 6.0 days.

Analysts Set New Price Targets

Separately, Barclays upgraded Hon Hai Precision Industry to a "strong-buy" rating in a research report on Thursday, May 22nd.

Hon Hai Precision Industry Trading Up 0.6%

Shares of Hon Hai Precision Industry stock traded up $0.06 on Tuesday, hitting $10.26. 15,784 shares of the company traded hands, compared to its average volume of 56,453. Hon Hai Precision Industry has a 52 week low of $6.75 and a 52 week high of $14.16. The business has a 50-day simple moving average of $9.14 and a 200 day simple moving average of $10.33.

Hon Hai Precision Industry Company Profile

Hon Hai Precision Industry Co, Ltd. provides electronic OEM services. The company offers consumer electronics comprising of television sets, game consoles, set-top boxes, and speakers. It also provides cloud networking products consisting of routers, servers, edge computing, data centers, and satellite communications and other related equipment.