Shengfeng Development Limited (NASDAQ:SFWL) Short Interest Down 16.4% in April

Shengfeng Development Limited (NASDAQ:SFWL) was the target of a large drop in short interest in 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 daily volume of 281,300 shares, the days-to-cover ratio is currently 1.9 days. Currently, 6.9% of the company’s stock are sold short.

Shengfeng Development Stock Up 2.3 %

Shares of Shengfeng Development stock traded up $0.04 during midday trading on Tuesday, reaching $1.75. 59,830 shares of the company’s stock traded hands, compared to its average volume of 468,837. The company’s 50 day simple moving average is $1.70 and its 200 day simple moving average is $5.37. Shengfeng Development has a 52 week low of $1.38 and a 52 week high of $17.60.

About Shengfeng Development

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.