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

Huadi International Group Co., Ltd. (NASDAQ:HUDI) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 367,416 shares, an increase 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 days-to-cover ratio is currently 0.1 days. Currently, 2.6% of the company’s stock are short sold.

Huadi International Group Stock Performance

Shares of HUDI stock opened at $0.84 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.59 and a current ratio of 2.61. The firm has a fifty day simple moving average of $0.85 and a two-hundred day simple moving average of $1.06. Huadi International Group has a 12 month low of $0.66 and a 12 month high of $5.46.

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

Hedge Funds Weigh In On Huadi International Group

An institutional investor recently bought a new stake 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 Form 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 approximately 0.14% of Huadi International Group as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

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