Short Interest in Hon Hai Precision Industry Co., Ltd. (OTCMKTS:HNHPF) Grows By 11.9%

3,460,000 shares, a growth of 21.6% from the April 15th total of 2,850,000 shares. Based on an average daily trading volume, of 2,040,000 shares, the days-to-cover ratio is presently 1.7 days. The company was the target of a large growth in short interest during the month of April. As of April 30

( ) saw a significant increase in short interest throughout the month of March. On April 30, there were 174,400 short shares. This is an increase of 11.9% compared to the total of 155.800 shares on April 15. The days-to-cover is currently 2.6 days based on an average daily volume of 66100 shares.

Hon Hai Precision Industry Price Performance

On Monday, the price of the stock remained unchanged at $6.59. The stock exchanged 55,949 shares, as opposed to the average volume of 39.906 shares. Hon Hai Precision Industry's 52-week low is $6.03, and its 52-week high is $7.93. Separately The Goldman Sachs Group upgraded the shares of Hon Hai Precision Industry in a Thursday, March 16th research report from a "buy" rating to a "conviction-buy".

Hon Hai Precision Industry Company profile

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Hon Hai Precision Industry Co. Ltd. is engaged in the manufacturing, sale, and service for various connectors, chassis, radios, wired and wireless communication products, optical components, power supply modules, assembly products of application modules, and network cables in the industries of information, communication, automation, automobiles, consumer electronics, and precision machinery. offers a FREE daily email newsletter