Short Interest in Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) Declines By 56.8%

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 1,615 shares, a drop of 56.8% from the July 15th total of 3,739 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,135 shares, the days-to-cover ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

HDL has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Super Hi International in a report on Wednesday, June 24th. Zacks Research raised shares of Super Hi International from a “strong sell” rating to a “hold” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce”.

Super Hi International Price Performance

Super Hi International stock traded up $0.40 during trading hours on Friday, hitting $13.66. The stock had a trading volume of 487 shares, compared to its average volume of 785. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.54 and a quick ratio of 2.28. The stock has a market capitalization of $888.05 million, a price-to-earnings ratio of 22.76 and a beta of -0.14. Super Hi International has a 1-year low of $12.00 and a 1-year high of $21.21. The stock’s fifty day moving average is $12.90 and its two-hundred day moving average is $14.41.

Super Hi International (NASDAQ:HDL) last released its quarterly earnings results on Friday, May 15th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.16). Super Hi International had a return on equity of 7.38% and a net margin of 3.29%.The firm had revenue of $225.93 million for the quarter, compared to analyst estimates of $215.58 million. As a group, analysts predict that Super Hi International will post 0.66 earnings per share for the current fiscal year.

Institutional Trading of Super Hi International

Several institutional investors and hedge funds have recently modified their holdings of HDL. Jane Street Group LLC increased its stake in shares of Super Hi International by 26.5% during the 4th quarter. Jane Street Group LLC now owns 21,302 shares of the company’s stock worth $342,000 after purchasing an additional 4,457 shares in the last quarter. XY Capital Ltd raised its position in shares of Super Hi International by 11.3% during the 1st quarter. XY Capital Ltd now owns 13,303 shares of the company’s stock worth $194,000 after purchasing an additional 1,348 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in Super Hi International in the 4th quarter valued at approximately $52,000.

About Super Hi International

Super Hi International Holding Ltd., an investment holding company, operates Haidilao branded Chinese cuisine restaurants in Asia, North America, and internationally. The company is involved in the food delivery business. It also engages in sale of hot pot condiment products and food ingredients. The company was incorporated in 2022 and is based in Singapore.