Shengfeng Development Limited (NASDAQ:SFWL – Get Free Report) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 528,900 shares, a drop of 16.4% from the March 31st total of 632,400 shares. Based on an average trading volume of 281,300 shares, the days-to-cover ratio is presently 1.9 days. Approximately 6.9% of the shares of the stock are short sold.
Shengfeng Development Stock Up 9.1 %
NASDAQ:SFWL opened at $1.68 on Friday. Shengfeng Development has a one year low of $1.38 and a one year high of $17.60. The stock has a 50 day moving average price of $1.71 and a 200 day moving average price of $5.58.
About Shengfeng Development
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