Shares of low-float stock Huadi International Group Co HUDI are trading higher by 363% to $12.69 on abnormally-high volume. The Benzinga newsdesk is not seeing any company-specific news to justify the price action.
So What's Up?
Huadi International Group stock is rising on heavy volume Friday with nearly 36 million shares traded, a marked increase from the trailing 100-day volume of 149k shares.
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The stock also has a share float of only 4.237 million, of which some 7.06% are sold short.
The company is a manufacturer of industrial stainless steel seamless pipes and tubes products.
According to data from Benzinga Pro, HUDI has a 52-week high of $192.88 and a 52-week low of $2.60.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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