Huadi International Group Co., Ltd. (NASDAQ:HUDI) Short Interest Down 52.3% in August

Huadi International Group Co., Ltd. (NASDAQ:HUDI) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 175,205 shares, a decrease of 52.3% from the August 15th total of 367,416 shares. Approximately 5.0% of the shares of the stock are short sold. Based on an average daily volume of 72,859 shares, the short-interest ratio is presently 2.4 days.

Hedge Funds Weigh In On Huadi International Group

An institutional investor recently bought a new stake in Huadi International Group stock. Virtu Financial LLC bought a new position in Huadi International Group Co., Ltd. (NASDAQ:HUDI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 20,417 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 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 and hedge funds.

Analysts Set New Price Targets

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

Huadi International Group Price Performance

Shares of NASDAQ:HUDI opened at $0.79 on Monday. Huadi International Group has a 52-week low of $0.66 and a 52-week high of $1.71. The firm has a fifty day moving average of $0.82 and a 200 day moving average of $1.03. 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 released its quarterly earnings results on Monday, June 29th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $12.04 million during 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.