Smart Logistics Global Limited (NASDAQ:SLGB) Sees Significant Growth in Short Interest

Smart Logistics Global Limited (NASDAQ:SLGB) saw 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. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 11,661,035 shares, the short-interest ratio is currently 0.0 days.

Smart Logistics Global Stock Performance

NASDAQ:SLGB opened at $0.52 on Friday. Smart Logistics Global has a fifty-two week low of $0.41 and a fifty-two week high of $6.08. The company’s 50-day simple moving average is $0.59 and its 200-day simple moving average is $0.78.

Analyst Upgrades and Downgrades

SLGB has been the topic of a number of analyst reports. Wall Street Zen upgraded Smart Logistics Global to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings raised Smart Logistics Global from a “sell (e)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Smart Logistics Global presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Smart Logistics Global

An institutional investor recently bought a new position in Smart Logistics Global stock. Geode Capital Management LLC bought a new stake in Smart Logistics Global Limited (NASDAQ:SLGB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 as of its most recent SEC filing.

About Smart Logistics Global

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