Short Interest in Star Fashion Culture Holdings Limited (NASDAQ:STFS) Increases By 88.1%

Star Fashion Culture Holdings Limited (NASDAQ:STFS) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 50,402 shares, a growth of 88.1% from the August 15th total of 26,794 shares. Based on an average daily volume of 626,374 shares, the days-to-cover ratio is presently 0.1 days. Approximately 4.2% of the company’s stock are sold short.

Insider Transactions at Star Fashion Culture

In related news, CFO Pingting Zhang bought 2,000,000 shares of the company’s stock in a transaction on Wednesday, July 22nd. The shares were purchased at an average cost of $1.30 per share, for a total transaction of $2,600,000.00. Following the acquisition, the chief financial officer owned 2,032,500 shares of the company’s stock, valued at approximately $2,642,250. This represents a 6,153.85% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Star Fashion Culture Stock Up 7.1%

STFS traded up $0.24 during trading hours on Thursday, reaching $3.64. The company’s stock had a trading volume of 44,895 shares, compared to its average volume of 328,559. The company’s 50-day moving average is $5.65 and its 200-day moving average is $6.66. Star Fashion Culture has a 52 week low of $0.80 and a 52 week high of $20.99.

Wall Street Analyst Weigh In

STFS has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Star Fashion Culture to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Star Fashion Culture in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Star Fashion Culture currently has a consensus rating of “Sell”.

About Star Fashion Culture

Star Fashion Culture Holdings Limited provides content marketing solutions services in the People’s Republic of China. It offers marketing campaign planning and execution services; offline advertising services; and online precision marketing services. The company was founded in 2015 and is based in Xiamen, the People’s Republic of China. Star Fashion Culture Holdings Limited operates as a subsidiary of Xingji ZhangPingting Limited.