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

Huadi International Group Co., Ltd. (NASDAQ:HUDI) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 3,362 shares, a decline of 94.9% from the May 14th total of 65,764 shares. Based on an average daily volume of 37,188 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Huadi International Group in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Huadi International Group stock. Virtu Financial LLC acquired a new stake in shares of Huadi International Group Co., Ltd. (NASDAQ:HUDI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 20,417 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.14% of Huadi International Group as of its most recent SEC filing. Institutional investors and hedge funds own 0.15% of the company’s stock.

Huadi International Group Stock Performance

NASDAQ:HUDI traded up $0.05 on Thursday, reaching $1.00. 114,716 shares of the company’s stock traded hands, compared to its average volume of 132,123. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.89 and a quick ratio of 1.90. The stock has a 50-day simple moving average of $1.14 and a 200-day simple moving average of $1.20. Huadi International Group has a 12 month low of $0.75 and a 12 month high of $5.46.

Huadi International Group (NASDAQ:HUDI) last posted its quarterly earnings results on Friday, January 30th. The company reported ($0.04) EPS for the quarter. The business had revenue of $16.71 million during the quarter.

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.