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

Shengfeng Development Limited (NASDAQ:SFWL – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 2,065 shares, a drop of 97.2% from the August 31st total of 73,627 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 8,401 shares, the short-interest ratio is currently 0.2 days.

Shengfeng Development Price Performance

NASDAQ SFWL traded up $0.00 during trading on Thursday, hitting $8.48. The stock had a trading volume of 2,063 shares, compared to its average volume of 4,690. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.32. The firm has a 50 day moving average price of $12.13 and a 200 day moving average price of $13.07. Shengfeng Development has a twelve month low of $7.82 and a twelve month high of $18.00.

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

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on Shengfeng Development

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.

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