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

Huadi International Group Co., Ltd. (NASDAQ:HUDI) was the recipient of a large 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. Approximately 6.0% of the company’s shares are short sold. Based on an average daily volume of 800,699 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

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

Institutional Trading of Huadi International Group

An institutional investor recently bought a new stake in Huadi International Group stock. Virtu Financial LLC purchased a new position in Huadi International Group Co., Ltd. (NASDAQ:HUDI) in the 3rd quarter, according to its most recent 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 approximately 0.14% of Huadi International Group at the end of the most recent reporting period. 0.15% of the stock is currently owned by hedge funds and other institutional investors.

Huadi International Group Stock Down 1.0%

Shares of HUDI traded down $0.01 on Thursday, reaching $0.88. The stock had a trading volume of 14,191 shares, compared to its average volume of 124,392. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 0.11. Huadi International Group has a 12-month low of $0.75 and a 12-month high of $5.46. The company has a 50-day simple moving average of $1.08 and a 200-day simple moving average of $1.18.

Huadi International Group (NASDAQ:HUDI) last issued its quarterly earnings results on Friday, January 30th. The company reported ($0.04) earnings per share for the quarter. The company 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.