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

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Haidilao International Holding Ltd. (OTCMKTS: HDALF – Get Rating) saw strong growth in short-term interest in June. As of June 30, there was short interest totaling 22,193,600 shares, up 31.3% from the June 15 total of 16,898,600 shares. Based on an average trading volume of 400 shares, the short-term interest rate ratio is currently 55,484.0 days.

Haidilao International Awards Performance

Shares of HDALF opened at $2.06 on Thursday. Haidilao International has a one-year low of $1.44 and a one-year high of $5.51. The company’s 50-day simple moving average is $2.03 and its 200-day simple moving average is $2.02.

A Wall Street analyst gives his opinion

A number of stock analysts have recently commented on the stock. Goldman Sachs Group downgraded shares of Haidilao International from a “neutral” rating to a “sell” rating in a Wednesday, April 27 report. HSBC upgraded shares of Haidilao International from a “reduced” rating to a “maintained” rating in a Friday, March 25 report. Finally, Citigroup upgraded shares of Haidilao International from a “neutral” rating to a “buy” rating in a Tuesday, March 29 research note.

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; provision of food research, development and technology services; and commercial enterprises.

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