New Century Logistics (BVI) Limited (NASDAQ:NCEW) Sees Significant Drop in Short Interest

New Century Logistics (BVI) Limited (NASDAQ:NCEW) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 22,609 shares, a drop of 51.6% from the December 31st total of 46,746 shares. Based on an average trading volume of 25,908 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the shares of the stock are sold short. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 25,908 shares, the short-interest ratio is currently 0.9 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of New Century Logistics (BVI) in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, New Century Logistics (BVI) currently has a consensus rating of “Sell”.

New Century Logistics (BVI) Stock Performance

Shares of NCEW opened at $7.31 on Thursday. New Century Logistics has a 12-month low of $2.80 and a 12-month high of $71.46. The company has a 50-day moving average of $5.71 and a two-hundred day moving average of $5.26.

About New Century Logistics (BVI)

New Century Logistics (BVI) Limited (“NC Logistics”) was incorporated in the BVI on April 24, 2019 with limited liability and is a holding company with no material operations. Our operations are conducted in Hong Kong by our wholly-owned subsidiaries, namely (i) New Century Logistics Company Limited (“NCL (HK)”), a company incorporated in Hong Kong with limited liability, (ii) GLF Cargo Services Limited (“GLF”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK), and (iii) Win-Tec Transportation Company Limited (“Win-Tec”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK).