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

Smart Logistics Global Limited (NASDAQ:SLGBGet Free Report) was the recipient of a significant increase in short interest in the month of 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 currently 0.0 days.

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) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 24,897 shares of the company’s stock, valued at approximately $31,000. Geode Capital Management LLC owned about 0.06% of Smart Logistics Global at the end of the most recent reporting period.

Smart Logistics Global Price Performance

SLGB stock opened at $0.52 on Thursday. Smart Logistics Global has a twelve month low of $0.41 and a twelve month high of $6.08. The business’s fifty day moving average is $0.60 and its 200-day moving average is $0.79.

Analysts Set New Price Targets

A number of research firms have issued reports on SLGB. Wall Street Zen upgraded shares of Smart Logistics Global to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded shares of Smart Logistics Global from a “sell (e)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Get Our Latest Analysis on SLGB

Smart Logistics Global Company Profile

(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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