Highpower International Inc (NASDAQ:HPJ) Short Interest Down 7.3% in August

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Highpower International Inc (NASDAQ:HPJ) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 81,600 shares, a decline of 7.3% from the July 31st total of 88,000 shares. Based on an average daily volume of 87,300 shares, the short-interest ratio is presently 0.9 days. Approximately 0.8% of the shares of the company are sold short.

Shares of NASDAQ:HPJ traded up $0.03 during trading on Friday, reaching $4.61. The company had a trading volume of 105,096 shares, compared to its average volume of 43,257. The firm has a market capitalization of $71.86 million, a price-to-earnings ratio of 4.32 and a beta of 1.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.00 and a quick ratio of 0.71. The stock’s fifty day moving average price is $4.49 and its 200 day moving average price is $3.74. Highpower International has a fifty-two week low of $2.07 and a fifty-two week high of $4.67.

Highpower International (NASDAQ:HPJ) last released its earnings results on Tuesday, August 13th. The technology company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $75.81 million for the quarter. Highpower International had a return on equity of 21.30% and a net margin of 5.27%.

A hedge fund recently bought a new stake in Highpower International stock. FNY Investment Advisers LLC acquired a new position in shares of Highpower International Inc (NASDAQ:HPJ) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,000 shares of the technology company’s stock, valued at approximately $25,000. Institutional investors own 8.03% of the company’s stock.

About Highpower International

Highpower International, Inc, together with its subsidiaries, produces and sells nickel-metal hydride (Ni-MH) rechargeable batteries. The company operates in three segments: Lithium Business, Ni-MH Batteries and Accessories, and New Material. It offers Ni-MH rechargeable batteries in AA, AAA, 9V, C, D, and SC sizes in blister packing, as well as chargers and battery packs.

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