Shengfeng Development Limited (NASDAQ:SFWL) Short Interest Update

Shengfeng Development Limited (NASDAQ:SFWLGet Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 73,627 shares, an increase of 70.3% from the August 15th total of 43,244 shares. Based on an average trading volume of 5,896 shares, the days-to-cover ratio is presently 12.5 days. Currently, 1.3% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Shengfeng Development from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Check Out Our Latest Research Report on SFWL

Shengfeng Development Stock Performance

Shares of NASDAQ:SFWL traded down $0.55 during midday trading on Thursday, hitting $8.45. 464 shares of the company’s stock traded hands, compared to its average volume of 1,551. The firm’s fifty day moving average price is $12.37 and its two-hundred day moving average price is $13.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.27 and a current ratio of 1.27. Shengfeng Development has a twelve month low of $7.82 and a twelve month high of $18.00.

Shengfeng Development (NASDAQ:SFWLGet Free Report) last announced its quarterly earnings results on Tuesday, September 15th. The company reported $0.59 earnings per share (EPS) for the quarter. The company had revenue of $155.89 million during the quarter.

Shengfeng Development Company Profile

(Get Free Report)

Shengfeng Development Limited is a China-based logistics company that provides freight transportation and related supply-chain services. Through its operating subsidiaries, the company supports the movement and management of goods for business customers across China.

Its services include less-than-truckload and full-truckload transportation, warehousing, freight forwarding, and other logistics and supply-chain solutions. The company also provides value-added services designed to coordinate transportation, storage, distribution, and related logistics activities.

Shengfeng Development was established in 2001 and is headquartered in Fuzhou, Fujian Province, China.

Recommended Stories

Receive News & Ratings for Shengfeng Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shengfeng Development and related companies with MarketBeat.com's FREE daily email newsletter.