The short-term stake in Haidilao International Holding Ltd. (OTCMKTS:HDALF) decreases by 32.8%

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Haidilao International Holding Ltd. (OTCMKTS: HDALF – Get Rating) benefited from a sharp drop in short interest rates in March. As of March 31, there was short interest totaling 7,326,600 shares, down 32.8% from the March 15 total of 10,901,700 shares. Based on an average daily volume of 400 shares, the short interest ratio is currently 18,316.5 days.

Several equity research analysts have recently weighed in on the stock. HSBC upgraded shares of Haidilao International from a “reduced” rating to a “maintained” rating in a Friday, March 25 research report. Citigroup upgraded shares of Haidilao International from a “neutral” rating to a “buy” rating in a Tuesday, March 29 research report.

Shares of HDALF opened at $2.06 on Friday. The company has a 50-day moving average price of $1.99 and a 200-day moving average price of $2.41. Haidilao International has a fifty-two week minimum of $1.44 and a fifty-two week maximum of $9.50.

Haidilao International Company Profile (Get an assessment)

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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