Huadi International Group Co., Ltd. (NASDAQ:HUDI) Short Interest Down 44.5% in July

Huadi International Group Co., Ltd. (NASDAQ:HUDI) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 66,135 shares, a drop of 44.5% from the June 30th total of 119,265 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily volume of 38,355 shares, the days-to-cover ratio is currently 1.7 days.

Huadi International Group Trading Down 5.8%

Shares of HUDI traded down $0.04 during mid-day trading on Wednesday, hitting $0.71. The company’s stock had a trading volume of 24,351 shares, compared to its average volume of 109,453. The company’s 50-day moving average is $0.91 and its 200-day moving average is $1.11. Huadi International Group has a 52-week low of $0.71 and a 52-week 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 issued its quarterly earnings data on Monday, June 29th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $12.04 million for the quarter.

Institutional Inflows and Outflows

A hedge fund 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) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 20,417 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.14% of Huadi International Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Huadi International Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Huadi International Group currently 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.