Shengfeng Development Limited (NASDAQ:SFWL) Short Interest Down 14.4% in December

Shengfeng Development Limited (NASDAQ:SFWL) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 111,200 shares, a drop of 14.4% from the December 15th total of 129,900 shares. Based on an average daily trading volume, of 84,400 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.3% of the shares of the company are short sold.

Shengfeng Development Stock Up 1.0 %

Shares of SFWL traded up $0.01 during trading hours on Thursday, hitting $1.04. 17,458 shares of the stock were exchanged, compared to its average volume of 105,276. Shengfeng Development has a 12-month low of $0.81 and a 12-month high of $2.23. The stock’s 50-day moving average price is $1.14 and its two-hundred day moving average price is $1.24.

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.