Haidilao International Holding Ltd. (OTCMKTS:HDALF) Short Interest Down 34.0% in August

Haidilao International Holding Ltd. (OTCMKTS:HDALF) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 12,579,421 shares, a drop of 34.0% from the July 30th total of 19,050,212 shares. Based on an average daily trading volume, of 50,835 shares, the days-to-cover ratio is presently 247.5 days.

Haidilao International Price Performance

Shares of OTCMKTS HDALF traded down $0.09 during midday trading on Tuesday, reaching $1.50. The company’s stock had a trading volume of 400 shares, compared to its average volume of 29,021. The firm has a 50 day moving average price of $1.52 and a 200-day moving average price of $1.77. Haidilao International has a 12-month low of $1.35 and a 12-month high of $2.41.

Haidilao International Company Profile

Haidilao International Holding Ltd., an investment holding company, engages in the restaurant operation and delivery businesses. The company through operates through Restaurant Operation, Delivery Business, and Sales of Condiment Products and Food Ingredients segments. It also operates a Haidilao branded Chinese cuisine restaurant that offers hot pot cuisine. In addition, the company is involved in the technology; hotel operation; property investment management and consulting; and trading businesses.