Shengfeng Development Limited (NASDAQ:SFWL – Get 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
Shengfeng Development (NASDAQ:SFWL – Get 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
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.
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