HUHUTECH International Group Inc. (NASDAQ:HUHU) Short Interest Down 34.7% in September

Key Points

• The short interest in HUHUTECH International Group Inc. decreased by 34.7% in September, with short shares dropping to 16,900 from 25,900.
• HUHUTECH's stock price rose 3.9% to $5.69, with average trading volume around 97,700 shares.
• A hedge fund, Invesco Ltd., acquired approximately 16,630 shares of HUHUTECH in the second quarter, valued at about $81,000.

HUHUTECH International Group Inc. (NASDAQ:HUHU - Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 16,900 shares, a drop of 34.7% from the August 31st total of 25,900 shares. Based on an average trading volume of 97,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.6% of the company's shares are short sold. Approximately 0.6% of the company's shares are short sold. Based on an average trading volume of 97,700 shares, the days-to-cover ratio is currently 0.2 days.

HUHUTECH International Group Trading Up 3.9%

Shares of HUHUTECH International Group stock traded up $0.21 on Monday, hitting $5.69. 8,732 shares of the company traded hands, compared to its average volume of 64,444. The company has a current ratio of 1.28, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. HUHUTECH International Group has a 52 week low of $2.95 and a 52 week high of $9.89. The business has a 50-day simple moving average of $6.36 and a 200 day simple moving average of $5.58.

Analysts Set New Price Targets

A number of research firms have issued reports on HUHU. Wall Street Zen raised shares of HUHUTECH International Group to a "hold" rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of HUHUTECH International Group in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of "Sell".

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in HUHUTECH International Group stock. Invesco Ltd. purchased a new position in shares of HUHUTECH International Group Inc. (NASDAQ:HUHU - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,630 shares of the company's stock, valued at approximately $81,000. Invesco Ltd. owned about 0.08% of HUHUTECH International Group at the end of the most recent reporting period.

About HUHUTECH International Group

HUHUTECH International Group, Inc designs and provides customized high-purity gas and chemical production system and equipment. The company was founded by Yu Jun Xiao on July 8, 2021 and is headquartered in Wuxi City, China.

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