Short Interest in Hollysys Automation Technologies Ltd (NASDAQ:HOLI) Rises By 11.1%

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Hollysys Automation Technologies Ltd (NASDAQ:HOLI) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 268,100 shares, an increase of 11.1% from the January 15th total of 241,300 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 180,500 shares, the days-to-cover ratio is currently 1.5 days.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of Hollysys Automation Technologies by 131.3% in the second quarter. Royal Bank of Canada now owns 1,735 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 985 shares during the period. BB&T Securities LLC increased its holdings in shares of Hollysys Automation Technologies by 2.3% in the third quarter. BB&T Securities LLC now owns 62,884 shares of the industrial products company’s stock valued at $955,000 after purchasing an additional 1,403 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Hollysys Automation Technologies by 4,860.6% in the third quarter. Tower Research Capital LLC TRC now owns 1,637 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 1,604 shares during the period. First Trust Advisors LP increased its holdings in shares of Hollysys Automation Technologies by 5.2% in the fourth quarter. First Trust Advisors LP now owns 33,299 shares of the industrial products company’s stock valued at $546,000 after purchasing an additional 1,648 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Hollysys Automation Technologies in the fourth quarter valued at approximately $42,000. Institutional investors own 79.38% of the company’s stock.

NASDAQ HOLI traded up $0.01 on Friday, reaching $15.53. The stock had a trading volume of 84,224 shares, compared to its average volume of 153,783. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.25 and a current ratio of 3.39. Hollysys Automation Technologies has a 12-month low of $13.59 and a 12-month high of $24.10. The business’s 50-day moving average price is $16.23 and its 200 day moving average price is $15.65. The stock has a market cap of $936.48 million, a P/E ratio of 7.43 and a beta of 1.47.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Wednesday, November 13th. The industrial products company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. Hollysys Automation Technologies had a return on equity of 15.00% and a net margin of 22.90%. The company had revenue of $123.23 million during the quarter. On average, sell-side analysts predict that Hollysys Automation Technologies will post 2.37 earnings per share for the current year.

HOLI has been the subject of a number of research reports. ValuEngine upgraded Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Goldman Sachs Group upgraded Hollysys Automation Technologies from a “neutral” rating to a “buy” rating and set a $18.70 price objective for the company in a research note on Monday, November 4th. BidaskClub cut Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 30th. Finally, Zacks Investment Research upgraded Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $20.23.

About Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.

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