Shengfeng Development Limited (NASDAQ:SFWL) Shares Shorted: Short Interest Down 97.2% in September

Shengfeng Development Limited (NASDAQ:SFWL) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 2,065 shares, a decrease 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 days-to-cover ratio is currently 0.2 days.

Shengfeng Development Stock Up 7.1%

Shares of SFWL stock traded up $0.62 on Friday, hitting $9.37. The stock had a trading volume of 3,506 shares, compared to its average volume of 4,910. Shengfeng Development has a twelve month low of $7.82 and a twelve month high of $18.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.32 and a quick ratio of 1.27. The company has a fifty day moving average price of $12.01 and a two-hundred day moving average price of $13.01.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Shengfeng Development from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Shengfeng Development has a consensus rating of “Sell”.

About Shengfeng Development

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.