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

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Shengfeng Development in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Shengfeng Development Price Performance

Shares of NASDAQ:SFWL opened at $0.91 on Friday. Shengfeng Development has a 1-year low of $0.56 and a 1-year high of $1.29. The business has a 50-day moving average price of $0.95 and a two-hundred day moving average price of $1.00.

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.