Haidilao International Holding Ltd. (OTCMKTS:HDALF) Sees Large Growth in Short Interest

Haidilao International Holding Ltd. (OTCMKTS:HDALF) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,482,000 shares, an increase of 485.8% from the March 31st total of 253,000 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is currently 1,852.5 days.

Haidilao International Price Performance

Haidilao International stock remained flat at $2.44 during mid-day trading on Thursday. The company’s stock had a trading volume of 8,000 shares, compared to its average volume of 7,906. The company has a 50 day simple moving average of $2.13 and a 200 day simple moving average of $2.07. Haidilao International has a 12 month low of $1.70 and a 12 month high of $3.00.

About Haidilao International

Haidilao International Holding Ltd., an investment holding company, engages in the restaurant chain operation and delivery businesses. The company through operates through Restaurant Operation, Delivery Business, and Sales of Condiment Products and Food Ingredients segments. It also operates a Haidilao branded Chinese cuisine restaurant that offers hot pot cuisine.