Smart Logistics Global Limited (NASDAQ:SLGB) Short Interest Down 54.1% in August

by · The Cerbat Gem

Smart Logistics Global Limited (NASDAQ:SLGB – Get Free Report) was the recipient of a significant decrease in short interest during the month of 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. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 973,936 shares, the short-interest ratio is currently 0.2 days.

Smart Logistics Global Stock Performance

NASDAQ SLGB opened at $0.36 on Monday. The stock has a 50-day simple moving average of $0.55 and a two-hundred day simple moving average of $0.71. Smart Logistics Global has a fifty-two week low of $0.34 and a fifty-two week high of $6.08.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on SLGB

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Smart Logistics Global stock. Geode Capital Management LLC acquired a new position in Smart Logistics Global Limited (NASDAQ:SLGB – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,897 shares of the company’s stock, valued at approximately $31,000. Geode Capital Management LLC owned approximately 0.06% of Smart Logistics Global at the end of the most recent quarter.

About Smart Logistics Global

(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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