Star Fashion Culture Holdings Limited (NASDAQ:STFS) Sees Large Decrease in Short Interest

Star Fashion Culture Holdings Limited (NASDAQ:STFS) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 26,794 shares, a decrease of 75.7% from the July 30th total of 110,467 shares. Based on an average daily volume of 409,654 shares, the days-to-cover ratio is presently 0.1 days. Approximately 2.2% of the shares of the stock are short sold.

Star Fashion Culture Price Performance

Star Fashion Culture stock traded down $0.23 on Thursday, reaching $4.34. The company’s stock had a trading volume of 351,877 shares, compared to its average volume of 571,582. The business’s fifty day moving average price is $8.20 and its 200 day moving average price is $6.66. Star Fashion Culture has a twelve month low of $0.80 and a twelve month high of $20.99.

Star Fashion Culture (NASDAQ:STFS) last announced its earnings results on Friday, May 29th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $6.36 million during the quarter.

Insider Activity

In other news, CFO Pingting Zhang bought 2,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was acquired at an average price of $1.30 per share, for a total transaction of $2,600,000.00. Following the transaction, the chief financial officer directly owned 2,032,500 shares of the company’s stock, valued at $2,642,250. This trade represents a 6,153.85% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Analyst Ratings Changes

STFS has been the topic of several 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 reiterated a “sell (d-)” rating on shares of Star Fashion Culture in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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.