Short Interest in Smart Logistics Global Limited (NASDAQ:SLGB) Rises By 256.6%

Smart Logistics Global Limited (NASDAQ:SLGBGet 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”.

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Hedge Funds Weigh In On Smart Logistics Global

An institutional investor recently bought a new position in Smart Logistics Global stock. Geode Capital Management LLC purchased a new stake in Smart Logistics Global Limited (NASDAQ:SLGBFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 24,897 shares of the company’s stock, valued at approximately $31,000. Geode Capital Management LLC owned 0.06% of Smart Logistics Global at the end of the most recent reporting period.

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

(Get Free Report)

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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