Smart Logistics Global Limited (NASDAQ:SLGB) Short Interest Down 54.1% in August

Smart Logistics Global Limited (NASDAQ:SLGB) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 165,508 shares, a decrease of 54.1% from the August 15th total of 360,508 shares. Based on an average daily trading volume, of 973,936 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the shares of the company are sold short.

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 bought a new position in shares of Smart Logistics Global Limited (NASDAQ:SLGB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,897 shares of the company’s stock, valued at approximately $31,000. Geode Capital Management LLC owned approximately 0.06% of Smart Logistics Global as of its most recent SEC filing.

Smart Logistics Global Stock Performance

Shares of NASDAQ:SLGB opened at $0.36 on Monday. Smart Logistics Global has a 1 year low of $0.34 and a 1 year high of $6.08. The business’s 50 day moving average price is $0.55 and its 200-day moving average price is $0.71.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SLGB shares. Wall Street Zen raised shares of Smart Logistics Global to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings upgraded Smart Logistics Global from a “sell (e)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

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.