Haidilao International Holding Ltd. (OTCMKTS:HDALF – Get Rating) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 7,326,600 shares, a decrease of 32.8% from the March 15th total of 10,901,700 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 18,316.5 days.
Several equities research analysts have recently weighed in on the stock. HSBC raised shares of Haidilao International from a “reduce” rating to a “hold” rating in a research report on Friday, March 25th. Citigroup raised shares of Haidilao International from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 29th.
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 low of $1.44 and a fifty-two week high of $9.50.
Haidilao International Holding Ltd., an investment holding company, engages in the restaurant chain operation and delivery businesses. It 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 consultation; financial management; and food research and development, and trading businesses.
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