JD Logistics, Inc. (OTCMKTS:JDLGF – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 5,508,250 shares, an increase of 12,243.4% from the May 31st total of 44,625 shares. Based on an average daily volume of 50,877 shares, the days-to-cover ratio is currently 108.3 days.
JD Logistics Price Performance
JDLGF remained flat at $1.80 during trading on Thursday. JD Logistics has a twelve month low of $0.94 and a twelve month high of $1.95. The company’s fifty day moving average price is $1.75 and its 200-day moving average price is $1.56.
JD Logistics Company Profile
JD Logistics is the logistics and supply chain management arm of JD.com, one of China’s largest e-commerce platforms. Established to bring transparency and efficiency to warehousing and delivery, the company was spun off in 2021 to operate as an independent public entity. Headquartered in Beijing, JD Logistics leverages the technology and infrastructure strengths of its parent organization while pursuing its own growth strategies in both domestic and international markets.
The company offers an integrated suite of services that spans warehousing, order fulfillment, last-mile delivery, cold chain logistics and supply chain consulting.
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