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

Huadi International Group Co., Ltd. (NASDAQ:HUDI – Get Free Report) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 209,453 shares, a growth of 6,130.0% from the May 31st total of 3,362 shares. Based on an average daily volume of 800,699 shares, the short-interest ratio is currently 0.3 days. Approximately 6.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Huadi International Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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Institutional Investors Weigh In On Huadi International Group

An institutional investor recently bought a new position in Huadi International Group stock. Virtu Financial LLC purchased a new stake in shares of Huadi International Group Co., Ltd. (NASDAQ:HUDI – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 SEC filing. 0.15% of the stock is currently owned by institutional investors and hedge funds.

Huadi International Group Trading Down 1.0%

Shares of NASDAQ:HUDI traded down $0.01 on Thursday, hitting $0.88. 14,191 shares of the company traded hands, compared to its average volume of 124,392. The stock has a 50 day simple moving average of $1.08 and a 200-day simple moving average of $1.18. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.89 and a quick ratio of 1.90. Huadi International Group has a 52 week low of $0.75 and a 52 week high of $5.46.

Huadi International Group (NASDAQ:HUDI – Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $16.71 million for the quarter.

About Huadi International Group

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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.

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