Super Hi International (NASDAQ:HDL) Shares Down 5% – Here’s Why

Super Hi International Holding Ltd. (NASDAQ:HDL)’s stock price traded down 5% during trading on Wednesday . The company traded as low as $23.61 and last traded at $23.61. 21,194 shares were traded during mid-day trading, an increase of 12% from the average session volume of 18,872 shares. The stock had previously closed at $24.86.

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 moving average of $23.07 and a 200 day moving average of $18.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. XY Capital Ltd bought a new stake in Super Hi International in the third quarter worth $658,000. Ghisallo Capital Management LLC bought a new position in Super Hi International during the second quarter valued at about $689,000. Hood River Capital Management LLC acquired a new stake in shares of Super Hi International in the second quarter worth about $1,060,000. Finally, Millennium Management LLC bought a new stake in shares of Super Hi International during the 2nd quarter worth about $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.