Shengfeng Development Limited (NASDAQ:SFWL) Sees Large Increase in Short Interest

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

Shengfeng Development Price Performance

Shares of SFWL stock traded down $0.46 during trading on Wednesday, reaching $8.74. 3,190 shares of the company’s stock traded hands, compared to its average volume of 1,558. The firm’s 50-day moving average is $12.45 and its 200 day moving average is $13.32. Shengfeng Development has a 1 year low of $7.82 and a 1 year high of $18.60. 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 (NASDAQ:SFWL) last released its quarterly earnings data on Tuesday, September 15th. The company reported $0.59 earnings per share for the quarter. The business had revenue of $155.89 million during the quarter.

Analyst Ratings Changes

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

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. It also provides value-added services comprising collection on delivery, customs declaration, delivery upstairs, packaging, pay-at-arrival, return proof of delivery, and shipment protection.