Super Hi International (NASDAQ:HDL) Sees Large Volume Increase – Should You Buy?

Super Hi International Holding Ltd. (NASDAQ:HDL) shares saw unusually-high trading volume on Friday . Approximately 33,340 shares changed hands during trading, an increase of 11% from the previous session’s volume of 30,124 shares.The stock last traded at $19.80 and had previously closed at $16.93.

Super Hi International Stock Up 18.1 %

The firm has a 50 day simple moving average of $16.86. The company has a current ratio of 2.44, a quick ratio of 2.11 and a debt-to-equity ratio of 0.43.

Institutional Investors Weigh In On Super Hi International

Institutional investors have recently made changes to their positions in the stock. Millennium Management LLC acquired a new stake in shares of Super Hi International during the second quarter worth $4,704,000. Hood River Capital Management LLC bought a new stake in Super Hi International during the second quarter valued at $1,060,000. Ghisallo Capital Management LLC acquired a new stake in Super Hi International during the 2nd quarter worth about $689,000. Finally, XY Capital Ltd bought a new position in shares of Super Hi International in the 3rd quarter worth about $658,000.

Super Hi International Company Profile

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.