Huadi International Group Co., Ltd. (NASDAQ:HUDI) Short Interest Update
by Jessica Moore · The Cerbat GemHuadi International Group Co., Ltd. (NASDAQ:HUDI – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 65,764 shares, an increase of 754.5% from the April 30th total of 7,696 shares. Based on an average daily trading volume, of 136,990 shares, the short-interest ratio is presently 0.5 days. Approximately 1.9% of the shares of the company are short sold.
Huadi International Group Stock Performance
Shares of Huadi International Group stock traded up $0.00 on Friday, hitting $1.00. The company had a trading volume of 23,635 shares, compared to its average volume of 94,267. The business has a 50-day simple moving average of $1.18 and a 200-day simple moving average of $1.22. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 0.11. Huadi International Group has a 52 week low of $0.90 and a 52 week high of $5.46.
Huadi International Group (NASDAQ:HUDI – Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $16.71 million for the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Huadi International Group stock. Virtu Financial LLC acquired a new stake in Huadi International Group Co., Ltd. (NASDAQ:HUDI – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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. Institutional investors and hedge funds own 0.15% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Huadi International Group in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
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.