New Century Logistics (BVI) Limited (NASDAQ:NCEW) Sees Large Drop in Short Interest

New Century Logistics (BVI) Limited (NASDAQ:NCEW) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 22,609 shares, a drop of 51.6% from the December 31st total of 46,746 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average trading volume of 25,908 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 25,908 shares, the short-interest ratio is currently 0.9 days. Currently, 0.8% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of New Century Logistics (BVI) in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

New Century Logistics (BVI) Stock Down 18.7%

NCEW traded down $1.46 during trading on Friday, hitting $6.34. The company’s stock had a trading volume of 15,871 shares, compared to its average volume of 20,614. New Century Logistics has a twelve month low of $2.80 and a twelve month high of $71.46. The business’s fifty day simple moving average is $5.85 and its 200 day simple moving average is $5.27.

About New Century Logistics (BVI)

New Century Logistics (BVI) Limited (“NC Logistics”) was incorporated in the BVI on April 24, 2019 with limited liability and is a holding company with no material operations. Our operations are conducted in Hong Kong by our wholly-owned subsidiaries, namely (i) New Century Logistics Company Limited (“NCL (HK)”), a company incorporated in Hong Kong with limited liability, (ii) GLF Cargo Services Limited (“GLF”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK), and (iii) Win-Tec Transportation Company Limited (“Win-Tec”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK).