Shengfeng Development Limited (NASDAQ:SFWL) Short Interest Up 70.3% in August

Shengfeng Development Limited (NASDAQ:SFWL) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 73,627 shares, an increase of 70.3% from the August 15th total of 43,244 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily volume of 5,896 shares, the short-interest ratio is currently 12.5 days.

Shengfeng Development Price Performance

Shares of SFWL traded down $0.46 on Wednesday, reaching $8.74. 3,190 shares of the company’s stock traded hands, compared to its average volume of 1,558. The stock’s 50 day simple moving average is $12.45 and its two-hundred day simple moving average is $13.32. Shengfeng Development has a 52-week low of $7.82 and a 52-week high of $18.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.27 and a current ratio of 1.27.

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

Analyst Ratings Changes

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

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. 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.