Huadi International Group Co., Ltd. (NASDAQ:HUDI) Sees Large Decrease in Short Interest

Huadi International Group Co., Ltd. (NASDAQ:HUDI) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 66,135 shares, a decline of 44.5% from the June 30th total of 119,265 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily trading volume, of 38,355 shares, the days-to-cover ratio is presently 1.7 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 report on Tuesday, July 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Huadi International Group presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Huadi International Group

A hedge fund recently bought a new stake in Huadi International Group stock. Virtu Financial LLC bought a new stake in Huadi International Group Co., Ltd. (NASDAQ:HUDI) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 20,417 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.14% of Huadi International Group at the end of the most recent reporting period. 0.15% of the stock is currently owned by institutional investors.

Huadi International Group Trading Up 1.4%

Shares of NASDAQ:HUDI traded up $0.01 during trading on Thursday, hitting $0.72. The stock had a trading volume of 17,279 shares, compared to its average volume of 108,821. 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 has a 12-month low of $0.71 and a 12-month high of $5.46. The stock has a 50-day simple moving average of $0.90 and a two-hundred day simple moving average of $1.11.

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

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.