Smart Logistics Global Limited (NASDAQ:SLGB – Get Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 360,508 shares, an increase of 256.6% from the July 30th total of 101,105 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 11,661,035 shares, the days-to-cover ratio is presently 0.0 days.
Analysts Set New Price Targets
Several research firms have weighed in on SLGB. Weiss Ratings upgraded Smart Logistics Global from a “sell (e)” rating to a “sell (d-)” rating in a report on Monday, July 13th. Wall Street Zen raised Smart Logistics Global to a “hold” rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Smart Logistics Global currently has a consensus rating of “Sell”.
Hedge Funds Weigh In On Smart Logistics Global
Smart Logistics Global Trading Down 4.1%
Smart Logistics Global stock opened at $0.52 on Thursday. The company has a 50 day moving average of $0.60 and a 200-day moving average of $0.79. Smart Logistics Global has a twelve month low of $0.41 and a twelve month high of $6.08.
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.
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