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

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Huadi International Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Huadi International Group Trading Up 2.1%

Shares of NASDAQ HUDI opened at $0.90 on Friday. Huadi International Group has a 12-month low of $0.75 and a 12-month high of $5.46. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average is $1.07 and its two-hundred day moving average is $1.18.

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

Hedge Funds Weigh In On Huadi International Group

An institutional investor recently bought a new position in Huadi International Group stock. Virtu Financial LLC purchased a new stake in Huadi International Group Co., Ltd. (NASDAQ:HUDI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,417 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.14% of Huadi International Group as of its most recent filing with the Securities & Exchange Commission. 0.15% of the stock is currently owned by institutional investors and hedge funds.

Huadi International Group Company Profile

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.