Short Interest in Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) Declines By 19.7%

Key Points

• Short interest in Hon Hai (OTCMKTS:HNHPF) fell by 19.7% to 90,020 shares as of Feb. 27 (from 112,167 on Feb. 12), with a days-to-cover ratio of about 1.2 days based on average volume.
• The stock opened at $13.05, trading below its 50-day ($14.31) and 200-day ($14.55) simple moving averages, and has a 12-month range of $6.75 to $17.50.
• Hon Hai, commonly known as Foxconn, is a leading global electronics contract manufacturer providing design, assembly and turnkey production services for OEMs and brand owners.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF - Get Free Report) was the recipient of a large decline in short interest during the month of 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 trading volume of 73,419 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading 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

Hon Hai Precision Industry Co., Ltd. Sponsored GDR stock opened at $13.05 on Friday. The firm has a fifty day simple moving average of $14.31 and a two-hundred day simple moving average of $14.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.04. Hon Hai Precision Industry Co., Ltd. Sponsored GDR has a twelve month low of $6.75 and a twelve 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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