Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) Sees Significant Decline in Short Interest

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,488 shares, a drop of 66.3% from the June 15th total of 4,421 shares. Based on an average daily volume of 1,368 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of Super Hi International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HDL. XY Capital Ltd increased its holdings in Super Hi International by 11.3% in the first quarter. XY Capital Ltd now owns 13,303 shares of the company’s stock valued at $194,000 after buying an additional 1,348 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Super Hi International during the 4th quarter worth about $52,000. Finally, Jane Street Group LLC increased its stake in shares of Super Hi International by 26.5% in the 4th quarter. Jane Street Group LLC now owns 21,302 shares of the company’s stock valued at $342,000 after purchasing an additional 4,457 shares in the last quarter.

Analysts Set New Price Targets

HDL has been the subject of a number of research reports. Zacks Research downgraded Super Hi International from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Super Hi International in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Super Hi International Stock Performance

NASDAQ:HDL traded up $0.27 during trading hours on Tuesday, reaching $12.60. The company had a trading volume of 1,234 shares, compared to its average volume of 1,870. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.54 and a quick ratio of 2.28. Super Hi International has a 1-year low of $12.00 and a 1-year high of $21.21. The business’s 50 day moving average price is $13.13 and its 200-day moving average price is $14.93. The firm has a market cap of $819.12 million, a PE ratio of 20.99 and a beta of -0.10.

Super Hi International (NASDAQ:HDL) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.16). The firm had revenue of $225.93 million for the quarter, compared to analyst estimates of $215.58 million. Super Hi International had a return on equity of 7.38% and a net margin of 3.29%. Research analysts forecast that Super Hi International will post 0.66 EPS for the current year.

About Super Hi International

Super Hi International Holding Ltd., an investment holding company, operates Haidilao branded Chinese cuisine restaurants in Asia, North America, and internationally. The company is involved in the food delivery business. It also engages in sale of hot pot condiment products and food ingredients. The company was incorporated in 2022 and is based in Singapore.