Shengfeng Development Limited (NASDAQ:SFWL – Get Free Report) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 2,065 shares, a decline of 97.2% from the August 31st total of 73,627 shares. Based on an average daily volume of 8,401 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.
Shengfeng Development Price Performance
Shengfeng Development stock traded up $0.00 during midday trading on Thursday, reaching $8.48. The company’s stock had a trading volume of 2,063 shares, compared to its average volume of 4,690. The business has a 50-day simple moving average of $12.13 and a 200-day simple moving average of $13.07. Shengfeng Development has a fifty-two week low of $7.82 and a fifty-two week high of $18.00. The company has a quick ratio of 1.27, a current ratio of 1.32 and a debt-to-equity ratio of 0.25.
Shengfeng Development (NASDAQ:SFWL – Get Free Report) last released its quarterly earnings data on Tuesday, September 15th. The company reported $0.59 EPS for the quarter. The business had revenue of $155.89 million during the quarter.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on Shengfeng Development
Shengfeng Development Company Profile
Shengfeng Development Limited is a China-based logistics company that provides freight transportation and related supply-chain services. Through its operating subsidiaries, the company supports the movement and management of goods for business customers across China.
Its services include less-than-truckload and full-truckload transportation, warehousing, freight forwarding, and other logistics and supply-chain solutions. The company also provides value-added services designed to coordinate transportation, storage, distribution, and related logistics activities.
Shengfeng Development was established in 2001 and is headquartered in Fuzhou, Fujian Province, China.
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