Hon Hai Precision Industry Co., Ltd. (OTCMKTS:HNHPF – Get Rating) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 155,800 shares, a drop of 9.5% from the March 31st total of 172,200 shares. Based on an average daily trading volume, of 62,000 shares, the short-interest ratio is currently 2.5 days.

Hon Hai Precision Industry Stock Performance

HNHPF stock opened at $6.79 on Wednesday. The firm has a 50 day simple moving average of $6.67 and a 200 day simple moving average of $6.54. Hon Hai Precision Industry has a 52 week low of $6.03 and a 52 week high of $7.93.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Hon Hai Precision Industry from a "buy" rating to a "conviction-buy" rating in a research note on Thursday, March 16th.

About Hon Hai Precision Industry

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Hon Hai Precision Industry Co, Ltd. engages in manufacturing, sales, and service of various connectors, chassis, radiators, wired or wireless communication products, optical products, power supply modules, application module assembly products, and network cable assembly products involved in the information, communication, automation equipment, precision machinery, automobile, and consumer electronics industries.

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