Huadi International Group Co., Ltd. (NASDAQ:HUDI) Sees Significant Drop in Short Interest

Huadi International Group Co., Ltd. (NASDAQ:HUDI) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 175,205 shares, a drop of 52.3% from the August 15th total of 367,416 shares. Approximately 5.0% of the shares of the company are short sold. Based on an average daily volume of 72,859 shares, the short-interest ratio is currently 2.4 days.

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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Huadi International Group has an average rating of “Sell”.

Huadi International Group Stock Up 6.4%

HUDI traded up $0.05 during trading on Wednesday, reaching $0.79. 70,828 shares of the company were exchanged, compared to its average volume of 473,654. The company’s 50-day moving average is $0.82 and its two-hundred day moving average is $1.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.59 and a current ratio of 2.61. Huadi International Group has a 12-month low of $0.66 and a 12-month high of $1.67.

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

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.