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

Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 5,510,000 shares, a drop of 7.4% from the March 15th total of 5,950,000 shares. Currently, 11.5% of the company’s stock are short sold. Based on an average daily trading volume, of 730,400 shares, the short-interest ratio is currently 7.5 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HOLI. Truist Financial Corp grew its holdings in Hollysys Automation Technologies by 2.0% in the fourth quarter. Truist Financial Corp now owns 22,110 shares of the industrial products company’s stock worth $583,000 after purchasing an additional 434 shares during the last quarter. Quilter Plc acquired a new stake in Hollysys Automation Technologies in the first quarter worth about $645,450,000. Blue Trust Inc. grew its stake in shares of Hollysys Automation Technologies by 665.2% during the fourth quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 918 shares during the last quarter. FourWorld Capital Management LLC acquired a new position in shares of Hollysys Automation Technologies during the fourth quarter valued at about $26,000. Finally, Stifel Financial Corp increased its holdings in shares of Hollysys Automation Technologies by 7.6% during the second quarter. Stifel Financial Corp now owns 14,688 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 1,039 shares in the last quarter. Institutional investors own 78.67% of the company’s stock.

Hollysys Automation Technologies Stock Down 1.0 %

Hollysys Automation Technologies stock opened at $24.80 on Tuesday. Hollysys Automation Technologies has a twelve month low of $15.13 and a twelve month high of $27.25. The business has a fifty day moving average of $25.63 and a two-hundred day moving average of $24.18. The firm has a market cap of $1.53 billion, a P/E 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) last issued its quarterly earnings data on Thursday, March 7th. The industrial products company reported $0.23 earnings per share for the quarter. The company had revenue of $223.72 million for the quarter. Hollysys Automation Technologies had a return on equity of 7.09% and a net margin of 10.56%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Hollysys Automation Technologies in a research note on Tuesday. They issued a “buy” rating for the company.

Hollysys Automation Technologies Company Profile

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.