Short Interest in Smart Logistics Global Limited (NASDAQ:SLGB) Declines By 54.1%

Smart Logistics Global Limited (NASDAQ:SLGB) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 165,508 shares, a decrease of 54.1% from the August 15th total of 360,508 shares. Based on an average daily volume of 973,936 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the shares of the stock are sold short.

Smart Logistics Global Price Performance

Smart Logistics Global stock traded down $0.01 during trading hours on Tuesday, hitting $0.33. 8,150,313 shares of the stock were exchanged, compared to its average volume of 3,857,094. The business’s 50-day moving average is $0.55 and its two-hundred day moving average is $0.70. Smart Logistics Global has a 12 month low of $0.31 and a 12 month high of $6.08.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SLGB. Wall Street Zen raised Smart Logistics Global to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings raised Smart Logistics Global from a “sell (e)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Smart Logistics Global has an average rating of “Sell”.

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.