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

Huadi International Group Co., Ltd. (NASDAQ:HUDIGet Free Report) was the target of a large drop in short interest in 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. Approximately 1.9% of the company’s stock are sold short. Based on an average daily volume of 38,355 shares, the short-interest ratio is presently 1.7 days.

Huadi International Group Stock Performance

Shares of HUDI stock traded down $0.01 during trading hours on Friday, reaching $0.71. The company had a trading volume of 8,352 shares, compared to its average volume of 108,127. The business has a fifty day moving average price of $0.89 and a 200-day moving average price of $1.11. Huadi International Group has a one year low of $0.71 and a one year high of $5.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.59 and a current ratio of 2.61.

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

Analyst Ratings Changes

Separately, Weiss Ratings downgraded 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, Based on data from MarketBeat, Huadi International Group presently has an average rating of “Sell”.

Read Our Latest Analysis on HUDI

Hedge Funds Weigh In On Huadi International Group

A hedge fund recently bought a new stake in Huadi International Group stock. Virtu Financial LLC purchased a new position in Huadi International Group Co., Ltd. (NASDAQ:HUDIFree Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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. Institutional investors and hedge funds own 0.15% of the company’s stock.

Huadi International Group Company Profile

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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.

Further Reading

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