Super Hi International (NASDAQ:HDL) Sees Large Volume Increase – Still a Buy?

Super Hi International Holding Ltd. (NASDAQ:HDL) saw unusually-high trading volume on Friday . Approximately 23,642 shares traded hands during trading, an increase of 95% from the previous session’s volume of 12,141 shares.The stock last traded at $24.75 and had previously closed at $24.83.

Super Hi International Stock Performance

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 company has a 50-day moving average of $25.27 and a 200-day moving average of $20.25.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE purchased a new position in shares of Super Hi International during the fourth quarter valued at approximately $52,000. Jane Street Group LLC bought a new stake in Super Hi International during the fourth quarter worth $295,000. Arrowstreet Capital Limited Partnership bought a new stake in Super Hi International during the fourth quarter worth $278,000. Finally, XY Capital Ltd bought a new stake in Super Hi International during the third quarter worth $658,000.

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.