Huadi International Group Co., Ltd. (NASDAQ:HUDI) Short Interest Up 754.5% in May

Huadi International Group Co., Ltd. (NASDAQ:HUDI) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 65,764 shares, a growth of 754.5% from the April 30th total of 7,696 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average daily trading volume, of 136,990 shares, the days-to-cover ratio is currently 0.5 days.

Huadi International Group Stock Performance

Shares of Huadi International Group stock opened at $1.00 on Friday. 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 company’s fifty day moving average price is $1.18 and its two-hundred day moving average price is $1.22. Huadi International Group has a 52-week low of $0.90 and a 52-week high of $5.46.

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

Institutional Investors Weigh In On Huadi International Group

A hedge fund recently bought a new stake in Huadi International Group stock. Virtu Financial LLC acquired a new stake in shares of Huadi International Group Co., Ltd. (NASDAQ:HUDI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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 quarter. 0.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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