Short Interest in Huadi International Group Co., Ltd. (NASDAQ:HUDI) Declines By 43.1%

Huadi International Group Co., Ltd. (NASDAQ:HUDI) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 119,265 shares, a decrease of 43.1% from the June 15th total of 209,453 shares. Currently, 3.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 26,463 shares, the days-to-cover ratio is currently 4.5 days.

Huadi International Group Stock Performance

HUDI stock traded down $0.06 during midday trading on Friday, hitting $0.78. The company had a trading volume of 29,456 shares, compared to its average volume of 114,306. 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 has a 52 week low of $0.73 and a 52 week high of $5.46. The stock’s 50 day moving average price is $0.97 and its 200 day moving average price is $1.14.

Huadi International Group (NASDAQ:HUDI) last posted its quarterly earnings results on Monday, June 29th. The company reported ($0.04) EPS for the quarter. The company had revenue of $12.04 million for the quarter.

Institutional Investors Weigh In On Huadi International Group

An institutional investor recently bought a new stake in Huadi International Group stock. Virtu Financial LLC purchased a new stake in Huadi International Group Co., Ltd. (NASDAQ:HUDI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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. Institutional investors and hedge funds own 0.15% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Huadi International Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

About Huadi International Group

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.