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

Huadi International Group Co., Ltd. (NASDAQ:HUDI) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 119,265 shares, a decrease of 43.1% from the June 15th total of 209,453 shares. Based on an average daily volume of 26,463 shares, the short-interest ratio is presently 4.5 days. Currently, 3.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Huadi International Group stock. Virtu Financial LLC bought a new position in shares of Huadi International Group Co., Ltd. (NASDAQ:HUDI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 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. 0.15% of the stock is owned by institutional investors.

Huadi International Group Trading Down 1.4%

HUDI traded down $0.01 on Thursday, hitting $0.82. The company had a trading volume of 1,643 shares, compared to its average volume of 114,942. The company’s fifty day moving average price is $0.98 and its 200 day moving average price is $1.14. Huadi International Group has a 1-year low of $0.75 and a 1-year high of $5.46. The company has a quick ratio of 1.59, a current ratio of 2.61 and a debt-to-equity ratio of 0.18.

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

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Huadi International Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average 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.