Shengfeng Development Limited (NASDAQ:SFWL) Sees Significant Drop in Short Interest

Shengfeng Development Limited (NASDAQ:SFWL) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 260,200 shares, a decrease of 24.4% from the August 31st total of 344,000 shares. Based on an average daily volume of 66,400 shares, the days-to-cover ratio is currently 3.9 days. Currently, 3.0% of the shares of the company are short sold.

Shengfeng Development Trading Up 2.3 %

Shengfeng Development stock traded up $0.03 during trading hours on Friday, hitting $1.33. The company had a trading volume of 40,276 shares, compared to its average volume of 324,440. Shengfeng Development has a fifty-two week low of $0.81 and a fifty-two week high of $17.51. The company has a quick ratio of 1.09, a current ratio of 1.30 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average is $1.28 and its 200-day moving average is $1.48.

Shengfeng Development Company Profile

Shengfeng Development Limited, through its subsidiaries, provides contract logistics services in the People's Republic of China. The company offers business-to-business freight transportation services, such as full truckload and less than truckload; and cloud storage services, including warehouse management, order fulfillment, delivery process management, in-warehouse processing, and inventory optimization management services.