Smart Logistics Global Limited (NASDAQ:SLGB – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 78,216 shares, a decline of 32.2% from the June 30th total of 115,441 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 593,353 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On Smart Logistics Global
An institutional investor recently bought a new stake in Smart Logistics Global stock. Geode Capital Management LLC purchased a new position in shares of Smart Logistics Global Limited (NASDAQ:SLGB – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,897 shares of the company’s stock, valued at approximately $31,000. Geode Capital Management LLC owned 0.06% of Smart Logistics Global at the end of the most recent reporting period.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of Smart Logistics Global from a “sell (e)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.
Smart Logistics Global Stock Performance
NASDAQ:SLGB opened at $0.53 on Friday. The stock’s fifty day moving average is $0.62 and its two-hundred day moving average is $0.94. Smart Logistics Global has a 52 week low of $0.41 and a 52 week high of $6.08.
Smart Logistics Global (NASDAQ:SLGB – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $21.69 million during the quarter.
About Smart Logistics Global
Smart Logistics Global Limited is a business-to-business contract logistics solution provider. Smart Logistics Global Limited is based in Hong Kong.
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