Radiant Logistics, Inc. (RLGT) Sees Large Growth in Short Interest
Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,208,380 shares, an increase of 3.5% from the October 13th total of 1,167,124 shares. Currently, 3.4% of the company’s stock are sold short. Based on an average trading volume of 119,132 shares, the days-to-cover ratio is presently 10.1 days.
Shares of Radiant Logistics (RLGT) opened at $4.61 on Tuesday. Radiant Logistics has a one year low of $3.26 and a one year high of $6.65. The stock has a market capitalization of $254.40, a P/E ratio of 17.24 and a beta of 0.80. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.31.
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Radiant Logistics, Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services.
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