Super Hi International (NASDAQ:HDL) Sees Large Volume Increase – Time to Buy?

Super Hi International Holding Ltd. (NASDAQ:HDL) shares saw strong trading volume on Friday . 11,224 shares traded hands during mid-day trading, a decline of 21% from the previous session’s volume of 14,291 shares.The stock last traded at $23.35 and had previously closed at $23.71.

Super Hi International Stock Performance

The company has a quick ratio of 2.19, a current ratio of 2.44 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $23.07 and a two-hundred day simple moving average of $18.55.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HDL. XY Capital Ltd acquired a new stake in Super Hi International during the third quarter worth about $658,000. Ghisallo Capital Management LLC purchased a new stake in shares of Super Hi International in the 2nd quarter valued at approximately $689,000. Hood River Capital Management LLC acquired a new stake in shares of Super Hi International during the 2nd quarter worth approximately $1,060,000. Finally, Millennium Management LLC purchased a new stake in shares of Super Hi International during the 2nd quarter valued at approximately $4,704,000.

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.