Shengfeng Development Limited (NASDAQ:SFWL) Short Interest Update

Shengfeng Development Limited (NASDAQ:SFWL) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 111,200 shares, a drop of 14.4% from the December 15th total of 129,900 shares. Based on an average daily trading volume, of 84,400 shares, the short-interest ratio is currently 1.3 days. Currently, 1.3% of the company’s stock are sold short.

Shengfeng Development Trading Down 1.0 %

SFWL traded down $0.01 during trading on Friday, hitting $1.03. The company had a trading volume of 5,953 shares, compared to its average volume of 67,726. Shengfeng Development has a one year low of $0.81 and a one year high of $2.23. The firm’s 50-day moving average price is $1.12 and its 200 day moving average price is $1.24.

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.