The short stake in Haidilao International Holding Ltd. (OTCMKTS:HDALF) increases by 47.8%

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Haidilao International Holding Ltd. (OTCMKTS: HDALF – Get Rating) saw a sharp increase in short-term interest in May. As of May 15, there was short interest totaling 12,733,100 shares, an increase of 47.8% from the total of 8,617,100 shares as of April 30. Based on an average daily volume of 200 shares, the day-to-cover ratio is currently 63,665.5 days.

Shares of HDALF were flat at $1.75 during midday trading on Friday. Haidilao International has a 1-year minimum of $1.44 and a 1-year maximum of $6.28. The company’s 50-day moving average price is $1.86 and its two-hundred-day moving average price is $2.08.

Several equity research analysts have weighed in on the company. HSBC upgraded Haidilao International from a “reduce” rating to a “maintain” rating in a Friday, March 25 report. Goldman Sachs Group downgraded Haidilao International from a “neutral” rating to a “sell” rating in a report on Wednesday, April 27. Finally, Citigroup upgraded Haidilao International from a “neutral” rating to a “buy” rating in a Tuesday, March 29 report.

Haidilao International Company Profile (Get a rating)

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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