Shengfeng Development Limited (NASDAQ:SFWL) Sees Significant Drop in Short Interest

Shengfeng Development Limited (NASDAQ:SFWL) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 111,200 shares, a decline of 14.4% from the December 15th total of 129,900 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 84,400 shares, the short-interest ratio is currently 1.3 days.

Shengfeng Development Stock Performance

Shares of SFWL stock traded up $0.01 during trading hours on Thursday, hitting $1.04. The company had a trading volume of 17,458 shares, compared to its average volume of 105,276. The company’s fifty day moving average is $1.14 and its 200 day moving average is $1.24. Shengfeng Development has a fifty-two week low of $0.81 and a fifty-two week high of $2.23.

About Shengfeng Development

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.