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

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Huadi International Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Huadi International Group has an average rating of “Sell”.

Huadi International Group Trading Down 7.2%

Huadi International Group stock traded down $0.06 during mid-day trading on Friday, hitting $0.78. The company had a trading volume of 29,456 shares, compared to its average volume of 27,982. Huadi International Group has a 12 month low of $0.73 and a 12 month high of $5.46. The stock’s 50 day moving average price is $0.96 and its two-hundred day moving average price is $1.13. The company has a current ratio of 2.61, a quick ratio of 1.59 and a debt-to-equity ratio of 0.18.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Huadi International Group stock. Virtu Financial LLC purchased a new stake in shares of Huadi International Group Co., Ltd. (NASDAQ:HUDI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 20,417 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 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.

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.