Huadi International Group Co., Ltd. (NASDAQ:HUDI) Sees Large Drop in Short Interest

Huadi International Group Co., Ltd. (NASDAQ:HUDI) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 175,205 shares, a decline of 52.3% from the August 15th total of 367,416 shares. Currently, 5.0% of the company’s shares are sold short. Based on an average trading volume of 72,859 shares, the days-to-cover ratio is currently 2.4 days.

Wall Street Analyst Weigh In

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

Huadi International Group Stock Performance

NASDAQ HUDI opened at $0.79 on Monday. Huadi International Group has a 1-year low of $0.66 and a 1-year high of $1.71. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.61 and a quick ratio of 1.59. The stock has a 50-day moving average of $0.82 and a 200-day moving average of $1.03.

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

Institutional Inflows and Outflows

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

Huadi International Group Company Profile

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.