Super Hi International (NASDAQ:HDL) Trading Down 8.6% – Here’s Why

Super Hi International Holding Ltd. (NASDAQ:HDL)’s share price dropped 8.6% during trading on Tuesday . The company traded as low as $23.38 and last traded at $23.25. Approximately 6,777 shares traded hands during trading, a decline of 76% from the average daily volume of 28,577 shares. The stock had previously closed at $25.45.

Super Hi International Stock Down 3.0 %

The company has a current ratio of 2.44, a quick ratio of 2.19 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average price of $24.76 and a 200 day moving average price of $20.86.

Hedge Funds Weigh In On Super Hi International

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE acquired a new position in Super Hi International in the 4th quarter worth about $52,000. Arrowstreet Capital Limited Partnership acquired a new position in Super Hi International in the 4th quarter worth about $278,000. Finally, Jane Street Group LLC acquired a new position in Super Hi International in the 4th quarter worth about $295,000.

About Super Hi International

Super Hi International Holding Ltd., an investment holding company, operates Haidilao branded Chinese cuisine restaurants in Asia, North America, and internationally. The company is involved in the food delivery business. It also engages in sale of hot pot condiment products and food ingredients. The company was incorporated in 2022 and is based in Singapore.