Short Interest in Huadi International Group Co., Ltd. (NASDAQ:HUDI) Grows By 754.5%

Huadi International Group Co., Ltd. (NASDAQ:HUDI) was the recipient of a significant increase in short interest in 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. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 136,990 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Huadi International Group stock. Virtu Financial LLC bought a new stake in Huadi International Group Co., Ltd. (NASDAQ:HUDI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 quarter. 0.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat.com, Huadi International Group currently has an average rating of “Sell”.

Huadi International Group Stock Performance

Shares of NASDAQ:HUDI opened at $1.02 on Thursday. Huadi International Group has a 52 week low of $1.00 and a 52 week high of $5.46. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $1.19 and a two-hundred day moving average price of $1.22.

Huadi International Group (NASDAQ:HUDI) last issued its earnings results on Friday, January 30th. The company reported ($0.04) EPS for the quarter. The business had revenue of $16.71 million for the quarter.

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.