Huadi International Group Co., Ltd. (NASDAQ:HUDI) Short Interest Up 6,130.0% in June

Huadi International Group Co., Ltd. (NASDAQ:HUDI) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 209,453 shares, an increase of 6,130.0% from the May 31st total of 3,362 shares. Approximately 6.0% of the shares of the stock are sold short. Based on an average trading volume of 800,699 shares, the short-interest ratio is presently 0.3 days.

Huadi International Group Stock Performance

Shares of NASDAQ HUDI opened at $0.88 on Friday. Huadi International Group has a 1 year low of $0.75 and a 1 year high of $5.46. The firm’s 50 day moving average price is $1.08 and its 200 day moving average price is $1.18. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.90 and a current ratio of 2.89.

Huadi International Group (NASDAQ:HUDI) last released its earnings results on Friday, January 30th. The company reported ($0.04) EPS for the quarter. The business had revenue of $16.71 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Huadi International Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Huadi International Group currently has a consensus 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 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter. 0.15% of the stock is currently owned by hedge funds and other institutional investors.

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.