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

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Smart Logistics Global from a “sell (e)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. Wall Street Zen upgraded shares of Smart Logistics Global to a “hold” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Smart Logistics Global has a consensus rating of “Sell”.

Smart Logistics Global Stock Performance

NASDAQ SLGB traded up $0.02 during trading on Wednesday, hitting $0.34. The company’s stock had a trading volume of 930,712 shares, compared to its average volume of 3,846,113. Smart Logistics Global has a 52 week low of $0.30 and a 52 week high of $6.08. The firm has a 50 day moving average price of $0.54 and a 200 day moving average price of $0.69.

Smart Logistics Global Company Profile

Smart Logistics Global Limited is a business-to-business contract logistics solution provider. Smart Logistics Global Limited is based in Hong Kong.