Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) Brief Interest Update


Hollysys Automation Technologies, Ltd. (NASDAQ: HOLIGet a rating) saw a sharp decline in short-term interest in April. As of April 30, there was short interest totaling 731,700 shares, down 14.0% from the April 15 total of 850,400 shares. Based on an average daily trading volume of 421,800 shares, the short interest ratio is currently 1.7 days. About 1.3% of the stock’s shares are sold short.

A number of research companies have recently commented on HOLI. StockNews.com downgraded Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a Saturday, March 26 research note. Zacks Investment Research upgraded Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report released Monday, March 14.

Shares of NASDAQ HOLI opened at $15.09 on Wednesday. The stock’s fifty-day simple moving average is $15.81 and its 200-day simple moving average is $14.93. Hollysys Automation Technologies has a 52 week low of $11.05 and a 52 week high of $21.24.

Hollysys Automation Technologies (NASDAQ: HOLIGet a rating) last released its results on Friday, April 29. The industrial products company reported earnings per share (EPS) of $0.30 for the quarter, missing analyst consensus estimates of $0.63 per ($0.33). The company had revenue of $155.71 million in the quarter.

The company also recently declared an annual dividend, which was paid on Monday, April 25. Shareholders of record on Monday, April 4 received a dividend of $0.32 per share. This is an increase from Hollysys Automation Technologies’ previous annual dividend of $0.20. The ex-dividend date was Friday, April 1. This represents a dividend yield of 2.51%.

Hedge funds have recently changed their holdings in the company. JPMorgan Chase & Co. increased its holding in shares of Hollysys Automation Technologies by 167.2% during the fourth quarter. JPMorgan Chase & Co. now owns 2,282 shares of the industrial products company valued at $32,000 after buying 1,428 more shares last quarter. Aaron Wealth Advisors LLC bought a new stock position in Hollysys Automation Technologies during the first quarter worth $237,000. Quantbot Technologies LP bought a new stock position in Hollysys Automation Technologies during the first quarter at a value of $88,000. Advisor Group Holdings Inc. increased its holdings of Hollysys Automation Technologies shares by 17.1% during the third quarter. Advisor Group Holdings Inc. now owns 7,957 shares of the industrial products company valued at $165,000 after buying 1,160 additional shares last quarter. Finally, Clear Creek Financial Management LLC bought a new stock position in Hollysys Automation Technologies during the fourth quarter at a value of $143,000. Institutional investors and hedge funds hold 72.07% of the company’s shares.

About Hollysys Automation Technologies (Get a rating)

Hollysys Automation Technologies Ltd. provides automation 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 value-added software packages including simulation training system, HolliAS asset management system, advanced process control and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary system of automation and control not related to the safety of nuclear energy.

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