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

Huadi International Group Co., Ltd. (NASDAQ:HUDI) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 3,362 shares, a decline of 94.9% from the May 14th total of 65,764 shares. Based on an average daily volume of 37,188 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Huadi International Group Price Performance

Huadi International Group stock traded down $0.03 during midday trading on Tuesday, hitting $0.84. The company’s stock had a trading volume of 369,805 shares, compared to its average volume of 468,868. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.89 and a quick ratio of 1.90. The stock’s 50-day moving average price is $1.14 and its 200-day moving average price is $1.21. Huadi International Group has a 12 month low of $0.75 and a 12 month high of $5.46.

Huadi International Group (NASDAQ:HUDI) last issued its quarterly 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Huadi International Group in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Huadi International Group has a consensus rating of “Sell”.

Institutional Investors 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 position in Huadi International Group Co., Ltd. (NASDAQ:HUDI) during the 3rd quarter, according to its most recent filing 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.15% of the company’s stock.

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.