Haidilao International Holding Ltd. (OTCMKTS:HDALF) sees strong growth in short-term interest

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Haidilao International Holding Ltd. (OTCMKTS: HDALF – Get Rating) benefited from significant growth in short-term interest in April. As of April 15, there was short interest totaling 8,934,900 shares, a growth of 22.0% from the March 31 total of 7,326,600 shares. Based on an average daily volume of 400 shares, the day-to-cover ratio is currently 22,337.3 days.

A number of brokerages have recently commented on HDALF. HSBC upgraded Haidilao International from a “reduce” to a “maintain” rating in a Friday, March 25 research note. Goldman Sachs Group downgraded Haidilao International from a “neutral” rating to a “sell” rating in a Wednesday, April 27 research note. Finally, Citigroup upgraded Haidilao International from a “neutral” rating to a “buy” rating in a Tuesday, March 29 research note.

Shares of HDALF traded down $0.02 during the midday session on Tuesday, hitting $1.90. 1,000 shares of the company were traded, with an average volume of 1,060. Haidilao International has a 52-week low of $1.44 and a 52-week high of $6.60. The company has a 50-day simple moving average of $1.90 and a two-hundred-day simple moving average of $2.25.

About Haidilao International (Get an evaluation)

Haidilao International Holding Ltd., an investment holding company, is engaged in chain restaurant operation and delivery business. She operates a Haidilao-branded Chinese cuisine restaurant that focuses on hot pot cuisine. The company is also involved in the sale of condiment products and food ingredients; logistics and wholesale trade activities; management consulting; Financial direction; and food research and development, and commercial enterprises.

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