Huadi International Group Co., Ltd. (NASDAQ:HUDI) Short Interest Down 52.3% in August

Huadi International Group Co., Ltd. (NASDAQ:HUDI) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 175,205 shares, a drop of 52.3% from the August 15th total of 367,416 shares. Currently, 5.0% of the shares of the stock are short sold. Based on an average trading volume of 72,859 shares, the short-interest ratio is currently 2.4 days.

Huadi International Group Stock Performance

Huadi International Group stock traded down $0.03 during midday trading on Tuesday, reaching $0.75. The company’s stock had a trading volume of 27,203 shares, compared to its average volume of 47,607. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.59 and a current ratio of 2.61. Huadi International Group has a 52 week low of $0.66 and a 52 week high of $1.67. The business has a 50-day moving average price of $0.82 and a 200-day moving average price of $1.02.

Huadi International Group (NASDAQ:HUDI) last posted its quarterly earnings results on Monday, June 29th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $12.04 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Huadi International Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.