Haidilao International Holding Ltd. (OTCMKTS:HDALF) Sees Significant Decline in Short Interest

Haidilao International Holding Ltd. (OTCMKTS:HDALFGet Free Report) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 4,010,600 shares, a drop of 14.6% from the September 30th total of 4,694,600 shares. Based on an average trading volume of 5,800 shares, the days-to-cover ratio is presently 691.5 days.

Haidilao International Stock Performance

Shares of Haidilao International stock remained flat at $1.99 during midday trading on Thursday. The stock has a 50 day simple moving average of $1.88 and a 200 day simple moving average of $2.01. Haidilao International has a 52 week low of $1.30 and a 52 week high of $2.69.

About Haidilao International

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Haidilao International Holding Ltd., an investment holding company, engages in the restaurant 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.

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