Smart Logistics Global Limited (NASDAQ:SLGB) Short Interest Down 93.0% in April

Smart Logistics Global Limited (NASDAQ:SLGB) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 5,227 shares, a drop of 93.0% from the April 15th total of 74,284 shares. Based on an average daily trading volume, of 74,485 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Smart Logistics Global

An institutional investor recently bought a new stake in Smart Logistics Global stock. Geode Capital Management LLC acquired a new stake in Smart Logistics Global Limited (NASDAQ:SLGB) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 24,897 shares of the company’s stock, valued at approximately $31,000. Geode Capital Management LLC owned approximately 0.06% of Smart Logistics Global as of its most recent SEC filing.

Smart Logistics Global Stock Performance

SLGB traded up $0.03 during trading on Wednesday, reaching $0.59. 61,387 shares of the stock traded hands, compared to its average volume of 2,238,777. The stock’s 50-day moving average is $0.87 and its 200 day moving average is $1.46. Smart Logistics Global has a 12 month low of $0.50 and a 12 month high of $6.08.

Smart Logistics Global (NASDAQ:SLGB) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $21.69 million during the quarter.

Smart Logistics Global Company Profile

Smart Logistics Global Limited is a business-to-business contract logistics solution provider. Smart Logistics Global Limited is based in Hong Kong.