Smart Logistics Global Limited (NASDAQ:SLGB) Shares Shorted: Short Interest Up 557.2% in October

Smart Logistics Global Limited (NASDAQ:SLGB) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 922,274 shares, an increase of 557.2% from the October 15th total of 140,324 shares. Based on an average daily volume of 31,116,270 shares, the days-to-cover ratio is currently 0.0 days. Approximately 2.0% of the shares of the company are sold short.

Smart Logistics Global Stock Down 7.3%

NASDAQ SLGB opened at $0.18 on Wednesday. Smart Logistics Global has a 1-year low of $0.15 and a 1-year high of $4.22. The stock’s 50 day moving average is $0.29 and its two-hundred day moving average is $0.73.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SLGB shares. Wall Street Zen upgraded Smart Logistics Global to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded Smart Logistics Global from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Smart Logistics Global currently has a consensus rating of “Sell”.

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.