Smart Logistics Global Limited (NASDAQ:SLGB) Short Interest Update

Smart Logistics Global Limited (NASDAQ:SLGB) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 78,216 shares, a decline of 32.2% from the June 30th total of 115,441 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 593,353 shares, the short-interest ratio is currently 0.1 days.

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 purchased a new position in shares of Smart Logistics Global Limited (NASDAQ:SLGB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 24,897 shares of the company’s stock, valued at approximately $31,000. Geode Capital Management LLC owned about 0.06% of Smart Logistics Global as of its most recent SEC filing.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded 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, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Smart Logistics Global Price Performance

SLGB opened at $0.55 on Friday. The business’s 50-day moving average price is $0.62 and its two-hundred day moving average price is $0.95. Smart Logistics Global has a 1 year low of $0.41 and a 1 year high of $6.08.

Smart Logistics Global (NASDAQ:SLGB) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $21.69 million during the quarter.

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.