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 September. As of September 15th, there was short interest totalling 260,200 shares, a drop of 24.4% from the August 31st total of 344,000 shares. Based on an average trading volume of 66,400 shares, the days-to-cover ratio is presently 3.9 days. Currently, 3.0% of the company’s stock are sold short.

Shengfeng Development Stock Up 2.3 %

Shares of SFWL traded up $0.03 during trading hours on Friday, reaching $1.33. The company’s stock had a trading volume of 40,276 shares, compared to its average volume of 324,440. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.30 and a quick ratio of 1.09. The company has a 50 day moving average of $1.28 and a two-hundred day moving average of $1.47. Shengfeng Development has a 1-year low of $0.81 and a 1-year high of $17.51.

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.