Seven Stars Cloud Group, Inc. (NASDAQ:SSC) Sees Price Swing – Up by 7.14%

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Seven Stars Cloud Group, Inc. (NASDAQ:SSC) last traded at $1.50 with shares seeing a daily low of $1.45 and a high of $1.55. This range of trading classifies the stock as one of the most volatile of the day.

Company shares last traded at $1.50 which is significantly below the 50 day moving average which is $1.72 and much lower than the 200 day moving average of $2.18. The 50 day moving average was down $-0.22 and the 200 day average went down by -31.31%.

Seven Stars Cloud Group, Inc. news headlines.

Seven Stars Cloud Announces Engagement of Ogilvy for Investor Relations and Corporate Financial Communications
Bruno Wu’s Sun Seven Stars Announces Stock Distribution to its Minority Shareholders, on a Portion of its SSC Stock Holdings
Seven Stars Cloud Provides Updates on Patent Filings, SuperApp, VPaaS and TPaaS.

Short Interest

Traders are feeling more bearish on shares of Seven Stars Cloud Group, Inc. lately if you take note of the motion in short interest. The company realized a rise in short interest of 1.25% as of August 31, 2017 from the last reporting period. Short shares increased from 1,812,914 to 1,835,637 over that timeframe. With short interest at 1,835,637 and short average daily volume at 99,976, days to cover is 18.0 and the percentage of shorted shares was 0.03% on August 31.