Hollysys Automation Technologies Ltd (NASDAQ:HOLI) Sees Significant Decrease in Short Interest

Hollysys Automation Technologies Ltd (NASDAQ:HOLI) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 397,693 shares, a decline of 30.7% from the November 30th total of 573,651 shares. Based on an average trading volume of 289,289 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.7% of the shares of the company are short sold.

Hollysys Automation Technologies (HOLI) opened at $22.95 on Friday. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1,412.01, a PE ratio of 20.89 and a beta of 1.59. Hollysys Automation Technologies has a twelve month low of $15.08 and a twelve month high of $27.19.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings data on Monday, November 13th. The industrial products company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. The firm had revenue of $115.50 million during the quarter. Hollysys Automation Technologies had a net margin of 15.46% and a return on equity of 9.65%. Hollysys Automation Technologies’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. analysts expect that Hollysys Automation Technologies will post 1.82 EPS for the current year.

HOLI has been the subject of several analyst reports. Deutsche Bank reissued a “buy” rating and issued a $25.00 price objective (up previously from $23.00) on shares of Hollysys Automation Technologies in a report on Monday, October 2nd. Zacks Investment Research upgraded Hollysys Automation Technologies from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Thursday, November 16th. Finally, BidaskClub lowered Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.52.

A number of large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. acquired a new stake in shares of Hollysys Automation Technologies during the 2nd quarter valued at approximately $2,693,000. Point72 Asset Management L.P. acquired a new stake in shares of Hollysys Automation Technologies during the 3rd quarter valued at approximately $996,000. First Trust Advisors LP lifted its position in shares of Hollysys Automation Technologies by 20.1% during the 3rd quarter. First Trust Advisors LP now owns 139,666 shares of the industrial products company’s stock valued at $3,018,000 after acquiring an additional 23,400 shares during the period. California Public Employees Retirement System lifted its position in shares of Hollysys Automation Technologies by 5.2% during the 2nd quarter. California Public Employees Retirement System now owns 281,300 shares of the industrial products company’s stock valued at $4,672,000 after acquiring an additional 13,900 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Hollysys Automation Technologies by 405,692.7% during the 3rd quarter. Wells Fargo & Company MN now owns 779,122 shares of the industrial products company’s stock valued at $16,837,000 after acquiring an additional 778,930 shares during the period. Hedge funds and other institutional investors own 70.67% of the company’s stock.

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Hollysys Automation Technologies Company Profile

Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.

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