Short Interest in New Century Logistics (BVI) Limited (NASDAQ:NCEW) Rises By 63.3%

New Century Logistics (BVI) Limited (NASDAQ:NCEW) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 46,746 shares, a growth of 63.3% from the December 15th total of 28,620 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average daily trading volume, of 56,676 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 56,676 shares, the short-interest ratio is presently 0.8 days. Currently, 1.7% of the company’s shares are short sold.

New Century Logistics (BVI) Trading Down 1.1%

NCEW stock traded down $0.09 during mid-day trading on Friday, hitting $7.75. 35,915 shares of the company were exchanged, compared to its average volume of 28,450. New Century Logistics has a 12-month low of $2.80 and a 12-month high of $71.46. The business has a fifty day simple moving average of $4.99 and a 200-day simple moving average of $5.23.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of New Century Logistics (BVI) in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

New Century Logistics (BVI) Company Profile

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).