Yangtze River Port and Logistics Ltd (NASDAQ:YRIV) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,675,438 shares, a growth of 91.5% from the February 28th total of 874,879 shares. Based on an average trading volume of 11,749,222 shares, the short-interest ratio is presently 0.1 days. Approximately 11.6% of the shares of the stock are sold short.
Yangtze River Port and Logistics stock traded down $0.08 during mid-day trading on Friday, hitting $1.13. 5,084,000 shares of the company’s stock were exchanged, compared to its average volume of 14,911,992. Yangtze River Port and Logistics has a 1-year low of $0.30 and a 1-year high of $13.55.
In other Yangtze River Port and Logistics news, Director James S. Coleman sold 69,795 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $1.95, for a total transaction of $136,100.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James S. Coleman sold 409,849 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $0.37, for a total transaction of $151,644.13. The disclosure for this sale can be found here. Insiders have sold a total of 1,750,000 shares of company stock valued at $1,555,411 in the last quarter. Insiders own 55.28% of the company’s stock.
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About Yangtze River Port and Logistics
Yangtze River Port and Logistics Limited, through its subsidiary, Wuhan Yangtze River Newport Logistics Co, Ltd., primarily engages in the real estate and infrastructural development business in the People's Republic of China. It operates Wuhan Yangtze River Newport Logistics Center, a port logistics center located in Wuhan Newport Yangluo Port, Hubei Province of China.
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