Huadi International Group Co., Ltd. (NASDAQ:HUDI) Short Interest Update

Huadi International Group Co., Ltd. (NASDAQ:HUDI) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 119,265 shares, a decline of 43.1% from the June 15th total of 209,453 shares. Based on an average daily volume of 26,463 shares, the short-interest ratio is presently 4.5 days. Approximately 3.4% of the shares of the company are short sold.

Analysts Set New Price Targets

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

Institutional Investors 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 shares of Huadi International Group Co., Ltd. (NASDAQ:HUDI) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 20,417 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.14% of Huadi International Group as of its most recent SEC filing. Institutional investors own 0.15% of the company’s stock.

Huadi International Group Stock Performance

NASDAQ:HUDI traded down $0.01 during trading hours on Thursday, hitting $0.82. 1,643 shares of the company traded hands, compared to its average volume of 114,942. Huadi International Group has a twelve month low of $0.75 and a twelve month high of $5.46. The firm has a 50-day moving average of $0.98 and a 200 day moving average of $1.14. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.61 and a quick ratio of 1.59.

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 business 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.