Shengfeng Development Limited (NASDAQ:SFWL) Short Interest Up 16.6% in January

Shengfeng Development Limited (NASDAQ:SFWL) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 120,100 shares, an increase of 16.6% from the January 15th total of 103,000 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 52,400 shares, the days-to-cover ratio is currently 2.3 days.

Shengfeng Development Price Performance

NASDAQ SFWL remained flat at $1.01 on Monday. 18,064 shares of the company traded hands, compared to its average volume of 20,058. The firm’s fifty day simple moving average is $1.04 and its 200 day simple moving average is $1.19. Shengfeng Development has a 1-year low of $0.81 and a 1-year high of $2.23.

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.