Could Sino-global Shipping America LTD. (NASDAQ:SINO) Skyrocket? The Stock Has Too Many Sellers

June 10, 2018 - By reb123z

Investors sentiment decreased to 0.6 in 2018 Q1. Its down 3.40, from 4 in 2017Q4. It is negative, as 2 investors sold Sino-Global Shipping America, Ltd. shares while 3 reduced holdings. 2 funds opened positions while 1 raised stakes. 338,643 shares or 50.89% less from 689,582 shares in 2017Q4 were reported.
Blackrock Inc reported 12,748 shares stake. Morgan Stanley holds 331 shares or 0% of its portfolio. Royal National Bank & Trust Of Canada holds 0% or 1 shares in its portfolio. Virtu Fincl Ltd Liability Corporation holds 0% or 73,345 shares in its portfolio. Citadel Advisors Lc holds 0% or 26,517 shares in its portfolio. Wells Fargo & Commerce Mn accumulated 100 shares. Bridgeway Cap invested 0% of its portfolio in Sino-Global Shipping America, Ltd. (NASDAQ:SINO). James Inv Research has invested 0% of its portfolio in Sino-Global Shipping America, Ltd. (NASDAQ:SINO). Dimensional Fund Advsrs Lp holds 83,226 shares.

The stock of Sino-global Shipping America LTD. (NASDAQ:SINO) registered an increase of 1.37% in short interest. SINO’s total short interest was 368,900 shares in June as published by FINRA. Its up 1.37% from 363,900 shares, reported previously. With 308,900 shares average volume, it will take short sellers 1 days to cover their SINO’s short positions. The short interest to Sino-global Shipping America LTD.’s float is 5.27%.

The stock increased 4.69% or $0.06 during the last trading session, reaching $1.34. About 103,496 shares traded. Sino-Global Shipping America, Ltd. (NASDAQ:SINO) has declined 51.10% since June 10, 2017 and is downtrending. It has underperformed by 63.67% the S&P500.

Sino-Global Shipping America, Ltd. provides shipping and integrated freight logistics solutions in the United States, the People's Republic of China, Hong Kong, Australia, and Canada. The company has market cap of $16.66 million. The Company’s services include inland transportation management, freight logistics, and container trucking that cover shipping and freight logistic chain. It has a 4.42 P/E ratio.

More news for Sino-Global Shipping America, Ltd. (NASDAQ:SINO) were recently published by: Prnewswire.com, which released: “Sino-Global Enters into Strategic Agreement with Leading China State-Owned Exporter” on May 31, 2018. Prnewswire.com‘s article titled: “Sino-Global Announces Fiscal Year 2018 Third Quarter Financial Results” and published on May 14, 2018 is yet another important article.

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