JD Logistics, Inc. (OTCMKTS:JDLGF) Sees Significant Drop in Short Interest

JD Logistics, Inc. (OTCMKTS:JDLGF) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,466,800 shares, a decrease of 38.2% from the August 15th total of 3,989,700 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ? days.

JD Logistics Price Performance

OTCMKTS:JDLGF remained flat at $1.52 during mid-day trading on Friday. The firm has a 50 day simple moving average of $1.53 and a 200-day simple moving average of $1.63. JD Logistics has a 12 month low of $0.94 and a 12 month high of $1.95.

About JD Logistics

JD Logistics is the logistics and supply chain management arm of JD.com, one of China’s largest e-commerce platforms. Established to bring transparency and efficiency to warehousing and delivery, the company was spun off in 2021 to operate as an independent public entity. Headquartered in Beijing, JD Logistics leverages the technology and infrastructure strengths of its parent organization while pursuing its own growth strategies in both domestic and international markets.

The company offers an integrated suite of services that spans warehousing, order fulfillment, last-mile delivery, cold chain logistics and supply chain consulting.