Star Fashion Culture Holdings Limited (NASDAQ:STFS) Sees Large Decrease in Short Interest

Star Fashion Culture Holdings Limited (NASDAQ:STFS) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 26,794 shares, a drop of 75.7% from the July 30th total of 110,467 shares. Based on an average daily trading volume, of 409,654 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.2% of the shares of the company are sold short.

Star Fashion Culture Stock Performance

NASDAQ:STFS traded down $0.23 during mid-day trading on Thursday, hitting $4.34. The company’s stock had a trading volume of 351,877 shares, compared to its average volume of 571,582. Star Fashion Culture has a fifty-two week low of $0.80 and a fifty-two week high of $20.99. The stock has a fifty day moving average of $8.20 and a 200-day moving average of $6.66.

Star Fashion Culture (NASDAQ:STFS) last released its quarterly earnings data on Friday, May 29th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $6.36 million during the quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on STFS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Star Fashion Culture in a research report on Tuesday, August 4th. Wall Street Zen raised shares of Star Fashion Culture to a “hold” rating in a report on Saturday, July 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Star Fashion Culture currently has an average rating of “Sell”.

Insiders Place Their Bets

In other news, CFO Pingting Zhang purchased 2,000,000 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were purchased at an average cost of $1.30 per share, for a total transaction of $2,600,000.00. Following the completion of the purchase, the chief financial officer directly owned 2,032,500 shares of the company’s stock, valued at approximately $2,642,250. The trade was a 6,153.85% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Star Fashion Culture Company Profile

Star Fashion Culture Holdings Limited provides content marketing solutions services in the People’s Republic of China. It offers marketing campaign planning and execution services; offline advertising services; and online precision marketing services. The company was founded in 2015 and is based in Xiamen, the People’s Republic of China. Star Fashion Culture Holdings Limited operates as a subsidiary of Xingji ZhangPingting Limited.