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

Star Fashion Culture Holdings Limited (NASDAQ:STFS) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 50,402 shares, a growth of 88.1% from the August 15th total of 26,794 shares. Based on an average daily trading volume, of 626,374 shares, the days-to-cover ratio is presently 0.1 days. Currently, 4.2% of the company’s stock are sold short.

Star Fashion Culture Stock Performance

Star Fashion Culture stock opened at $3.45 on Friday. The business has a fifty day moving average of $5.38 and a two-hundred day moving average of $6.66. Star Fashion Culture has a twelve month low of $0.80 and a twelve month high of $20.99.

Insider Activity at Star Fashion Culture

In other news, CFO Pingting Zhang purchased 2,000,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were purchased at an average price of $1.30 per share, for a total transaction of $2,600,000.00. Following the completion of the purchase, the chief financial officer owned 2,032,500 shares in the company, valued at approximately $2,642,250. This represents a 6,153.85% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

STFS has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Star Fashion Culture in a research note on Tuesday, August 4th. Wall Street Zen raised shares of Star Fashion Culture to a “hold” rating in a research report on Saturday, July 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Star Fashion Culture currently has an average 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.