Smart Logistics Global Limited (NASDAQ:SLGB) Short Interest Update

Smart Logistics Global Limited (NASDAQ:SLGB) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 78,216 shares, a decrease of 32.2% from the June 30th total of 115,441 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 593,353 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Smart Logistics Global

A hedge fund recently bought a new position in Smart Logistics Global stock. Geode Capital Management LLC acquired a new stake in shares of Smart Logistics Global Limited (NASDAQ:SLGB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 24,897 shares of the company’s stock, valued at approximately $31,000. Geode Capital Management LLC owned approximately 0.06% of Smart Logistics Global at the end of the most recent quarter.

Smart Logistics Global Trading Down 3.7%

Shares of SLGB stock opened at $0.53 on Friday. Smart Logistics Global has a 1 year low of $0.41 and a 1 year high of $6.08. The business’s fifty day moving average is $0.62 and its 200-day moving average is $0.94.

Smart Logistics Global (NASDAQ:SLGB) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $21.69 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Smart Logistics Global from a “sell (e)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Smart Logistics Global currently has a consensus rating of “Sell”.

About Smart Logistics Global

Smart Logistics Global Limited is a business-to-business contract logistics solution provider. Smart Logistics Global Limited is based in Hong Kong.