Shengfeng Development Limited (NASDAQ:SFWL) Shares Shorted: Short Interest Down 97.2% in September

Shengfeng Development Limited (NASDAQ:SFWL) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,065 shares, a decline of 97.2% from the August 31st total of 73,627 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 8,401 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Shengfeng Development from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Shengfeng Development has an average rating of “Sell”.

Shengfeng Development Trading Up 0.0%

NASDAQ:SFWL opened at $8.48 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.32 and a quick ratio of 1.27. Shengfeng Development has a 12-month low of $7.82 and a 12-month high of $18.00. The firm has a 50-day moving average price of $12.06 and a 200 day moving average price of $13.03.

Shengfeng Development (NASDAQ:SFWL) last released its quarterly earnings data on Tuesday, September 15th. The company reported $0.59 earnings per share for the quarter. The company had revenue of $155.89 million for the quarter.

Shengfeng Development Company Profile

Shengfeng Development Limited is a China-based logistics company that provides freight transportation and related supply-chain services. Through its operating subsidiaries, the company supports the movement and management of goods for business customers across China.

Its services include less-than-truckload and full-truckload transportation, warehousing, freight forwarding, and other logistics and supply-chain solutions. The company also provides value-added services designed to coordinate transportation, storage, distribution, and related logistics activities.

Shengfeng Development was established in 2001 and is headquartered in Fuzhou, Fujian Province, China.