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

Huadi International Group Co., Ltd. (NASDAQ:HUDI) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 367,416 shares, a growth 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 short-interest ratio is currently 0.1 days. Approximately 2.6% of the company’s stock are short sold.

Hedge Funds Weigh In On Huadi International Group

An institutional investor recently bought a new position in Huadi International Group stock. Virtu Financial LLC acquired a new position in shares of Huadi International Group Co., Ltd. (NASDAQ:HUDI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 filing with the Securities and Exchange Commission. Institutional investors own 0.15% of the company’s stock.

Huadi International Group Stock Performance

NASDAQ HUDI opened at $0.88 on Wednesday. The stock has a 50-day simple moving average of $0.85 and a 200 day simple moving average of $1.06. Huadi International Group has a twelve month low of $0.66 and a twelve month high of $5.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.61 and a quick ratio of 1.59.

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

Analyst Ratings Changes

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 investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Huadi International Group presently has a consensus rating of “Sell”.

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.