Smart Logistics Global Limited (NASDAQ:SLGB) Short Interest Up 256.6% in August

Smart Logistics Global Limited (NASDAQ:SLGBGet Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 360,508 shares, an increase of 256.6% from the July 30th total of 101,105 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 11,661,035 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

SLGB has been the topic of a number of recent analyst reports. Wall Street Zen raised Smart Logistics Global to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings raised Smart Logistics Global from a “sell (e)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on SLGB

Smart Logistics Global Stock Performance

Shares of SLGB traded up $0.02 during mid-day trading on Friday, hitting $0.52. 946,545 shares of the company traded hands, compared to its average volume of 3,937,568. Smart Logistics Global has a 1-year low of $0.41 and a 1-year high of $6.08. The business has a 50 day moving average of $0.59 and a 200 day moving average of $0.78.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Smart Logistics Global stock. Geode Capital Management LLC purchased a new position in Smart Logistics Global Limited (NASDAQ:SLGBFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,897 shares of the company’s stock, valued at approximately $31,000. Geode Capital Management LLC owned about 0.06% of Smart Logistics Global at the end of the most recent quarter.

About Smart Logistics Global

(Get Free Report)

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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