Huadi International Group Co., Ltd. (NASDAQ:HUDI) Short Interest Down 44.5% in July

Huadi International Group Co., Ltd. (NASDAQ:HUDI) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 66,135 shares, a decrease of 44.5% from the June 30th total of 119,265 shares. Based on an average daily trading volume, of 38,355 shares, the short-interest ratio is presently 1.7 days. Currently, 1.9% of the company’s shares are short sold.

Huadi International Group Stock Down 5.8%

NASDAQ HUDI traded down $0.04 during trading on Wednesday, hitting $0.71. The stock had a trading volume of 24,351 shares, compared to its average volume of 109,453. Huadi International Group has a one year low of $0.71 and a one year high of $5.46. The stock has a 50 day simple moving average of $0.91 and a 200 day simple moving average of $1.11. The company has a quick ratio of 1.59, a current ratio of 2.61 and a debt-to-equity ratio of 0.18.

Huadi International Group (NASDAQ:HUDI) last issued its quarterly earnings results on Monday, June 29th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $12.04 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Huadi International Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Huadi International Group

A hedge fund recently bought a new stake in Huadi International Group stock. Virtu Financial LLC purchased a new stake in shares of Huadi International Group Co., Ltd. (NASDAQ:HUDI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,417 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.14% of Huadi International Group as of its most recent filing with the Securities & Exchange Commission. 0.15% of the stock is currently owned by hedge funds and other institutional investors.

About Huadi International Group

Huadi International Group Co, Ltd. manufactures and sells industrial stainless steel seamless pipes and tubes in the People's Republic of China. The company's products are used in the oil and gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, electricity, automobile, naval architecture, paper mill, and mechanical industries. It also exports its products to 20 countries, including the United States, Mexico, Thailand, Australia, Argentina, India, the Philippines, the United Arab Emirates, Taiwan, Canada, and internationally.