Shengfeng Development Limited (NASDAQ:SFWL) Sees Large Growth in Short Interest

Shengfeng Development Limited (NASDAQ:SFWL) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 44,293 shares, an increase of 43.2% from the December 15th total of 30,936 shares. Based on an average daily volume of 152,521 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 152,521 shares, the days-to-cover ratio is presently 0.3 days.

Shengfeng Development Price Performance

Shares of SFWL stock opened at $0.91 on Monday. The company’s fifty day simple moving average is $0.95 and its 200-day simple moving average is $1.00. Shengfeng Development has a 52 week low of $0.56 and a 52 week high of $1.29.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Shengfeng Development in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Shengfeng Development Company Profile

Shengfeng Development Limited, through its subsidiaries, provides contract logistics services in the People's Republic of China. The company offers business-to-business freight transportation services, such as full truckload and less than truckload; and cloud storage services, including warehouse management, order fulfillment, delivery process management, in-warehouse processing, and inventory optimization management services. It also provides value-added services comprising collection on delivery, customs declaration, delivery upstairs, packaging, pay-at-arrival, return proof of delivery, and shipment protection.