Smart Logistics Global Limited (NASDAQ:SLGB) Stock Short Interest Climbs 386.6%

Smart Logistics Global Limited (NASDAQ:SLGB) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 805,401 shares, an increase of 386.6% from the August 31st total of 165,508 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average trading volume of 2,955,797 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Smart Logistics Global to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings upgraded Smart Logistics Global from a “sell (e)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Smart Logistics Global Stock Down 9.4%

Shares of NASDAQ SLGB traded down $0.03 during midday trading on Friday, reaching $0.30. The company’s stock had a trading volume of 864,425 shares, compared to its average volume of 4,517,023. The company has a 50 day moving average price of $0.49 and a 200 day moving average price of $0.64. Smart Logistics Global has a one year low of $0.28 and a one year high of $6.08.

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.