Shengfeng Development Limited (NASDAQ:SFWL) Sees Large Decrease in Short Interest

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

Shengfeng Development Price Performance

Shengfeng Development stock traded down $0.01 during mid-day trading on Friday, hitting $1.03. The stock had a trading volume of 5,953 shares, compared to its average volume of 67,726. The stock has a 50-day simple moving average of $1.12 and a two-hundred day simple moving average of $1.24. Shengfeng Development has a 12 month low of $0.81 and a 12 month high of $2.23.

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.