Huadi International Group Co., Ltd. (NASDAQ:HUDI) Short Interest Up 598.3% in August

Huadi International Group Co., Ltd. (NASDAQ:HUDI) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 367,416 shares, an increase of 598.3% from the July 30th total of 52,616 shares. Based on an average daily trading volume, of 6,520,208 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.6% of the shares of the company are short sold.

Huadi International Group Price Performance

HUDI traded down $0.00 during trading on Thursday, hitting $0.83. The company’s stock had a trading volume of 4,060 shares, compared to its average volume of 509,101. Huadi International Group has a twelve month low of $0.66 and a twelve month high of $5.46. The business’s fifty day simple moving average is $0.85 and its 200 day simple moving average is $1.06. The company has a quick ratio of 1.59, a current ratio of 2.61 and a debt-to-equity ratio of 0.18.

Huadi International Group (NASDAQ:HUDI) last posted its quarterly earnings data on Monday, June 29th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $12.04 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) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Huadi International Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Huadi International Group 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.