Short Interest in Huadi International Group Co., Ltd. (NASDAQ:HUDI) Grows By 754.5%

Huadi International Group Co., Ltd. (NASDAQ:HUDI) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 65,764 shares, an increase of 754.5% from the April 30th total of 7,696 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average trading volume of 136,990 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Huadi International Group in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Huadi International Group Stock Performance

NASDAQ HUDI opened at $1.02 on Thursday. The firm has a 50-day moving average of $1.19 and a 200-day moving average of $1.22. 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 has a 52-week low of $1.00 and a 52-week high of $5.46.

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

Institutional Inflows and Outflows

A hedge fund 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 the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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. 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.