Smart Logistics Global Limited (NASDAQ:SLGB) Shares Shorted: Short Interest Up 557.2% in October

Smart Logistics Global Limited (NASDAQ:SLGB) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 922,274 shares, an increase of 557.2% from the October 15th total of 140,324 shares. Based on an average daily volume of 31,116,270 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SLGB shares. Wall Street Zen raised shares of Smart Logistics Global to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings raised shares of Smart Logistics Global from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, November 2nd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Smart Logistics Global has an average rating of “Sell”.

Smart Logistics Global Stock Performance

Shares of SLGB stock traded down $0.02 during trading hours on Thursday, hitting $0.18. 555,891 shares of the company were exchanged, compared to its average volume of 5,284,896. Smart Logistics Global has a fifty-two week low of $0.15 and a fifty-two week high of $4.22. The company has a 50 day simple moving average of $0.28 and a two-hundred day simple moving average of $0.72.

Smart Logistics Global Company Profile

Smart Logistics Global Limited is a business-to-business contract logistics solution provider. Smart Logistics Global Limited is based in Hong Kong.