Huadi International Group Co., Ltd. (NASDAQ:HUDI) Short Interest Update

Huadi International Group Co., Ltd. (NASDAQ:HUDI) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 367,416 shares, an increase of 598.3% from the July 30th total of 52,616 shares. Based on an average daily trading volume, of 6,520,208 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.6% of the company’s shares are short sold.

Huadi International Group Stock Performance

Shares of HUDI opened at $0.88 on Wednesday. The business’s 50-day moving average is $0.85 and its 200-day moving average is $1.06. The company has a current ratio of 2.61, a quick ratio of 1.59 and a debt-to-equity ratio of 0.18. Huadi International Group has a fifty-two week low of $0.66 and a fifty-two week high of $5.46.

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

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Trading of Huadi International Group

A hedge fund recently bought a new stake in Huadi International Group stock. Virtu Financial LLC bought a new stake in Huadi International Group Co., Ltd. (NASDAQ:HUDI) during the third quarter, according to the company in its most recent 13F filing 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 approximately 0.14% of Huadi International Group at the end of the most recent reporting period. 0.15% of the stock is 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.