Shengfeng Development Limited (NASDAQ:SFWL) Short Interest Update

Shengfeng Development Limited (NASDAQ:SFWL) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 528,900 shares, a drop of 16.4% from the March 31st total of 632,400 shares. Based on an average trading volume of 281,300 shares, the days-to-cover ratio is presently 1.9 days. Currently, 6.9% of the shares of the company are sold short.

Shengfeng Development Trading Up 9.1 %

Shares of Shengfeng Development stock opened at $1.68 on Friday. Shengfeng Development has a 12-month low of $1.38 and a 12-month high of $17.60. The firm’s 50-day moving average price is $1.71 and its two-hundred day moving average price is $5.58.

Shengfeng Development Company Profile

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.