Short Interest in Shengfeng Development Limited (NASDAQ:SFWL) Declines By 14.4%

Shengfeng Development Limited (NASDAQ:SFWL) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 111,200 shares, a drop of 14.4% from the December 15th total of 129,900 shares. Based on an average trading volume of 84,400 shares, the short-interest ratio is currently 1.3 days. Currently, 1.3% of the shares of the company are sold short.

Shengfeng Development Stock Performance

Shares of SFWL stock opened at $1.04 on Friday. The business has a fifty day moving average of $1.14 and a 200 day moving average of $1.24. Shengfeng Development has a 1 year low of $0.81 and a 1 year high of $2.23.

Shengfeng Development Company Profile

Shengfeng Development Limited, through its subsidiaries, provides contract logistics services in the People's Republic of China. The company offers business-to-business freight transportation services, such as full truckload and less than truckload; and cloud storage services, including warehouse management, order fulfillment, delivery process management, in-warehouse processing, and inventory optimization management services.