Dragon Victory International Ltd (NASDAQ:LYL) Short Interest Down 97.2% in August

Dragon Victory International Ltd (NASDAQ:LYL) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 100 shares, a drop of 97.2% from the July 31st total of 3,600 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 14,000 shares, the short-interest ratio is currently 0.0 days.

Shares of NASDAQ LYL traded up $0.09 during midday trading on Friday, reaching $1.19. The company had a trading volume of 34,400 shares, compared to its average volume of 23,176. The business’s 50-day simple moving average is $0.96 and its 200 day simple moving average is $1.21. Dragon Victory International has a 1 year low of $0.78 and a 1 year high of $3.45. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.01.

About Dragon Victory International

Dragon Victory International Limited provides reward-based crowdfunding in China. The company operates through four segments: Crowdfunding Platform Service, Incubation Services, Finder's Fees Services, and Auto-Parts Procurement Services. It operates 5etou, an online crowdfunding platform at 5etou.cn that enables project searching for funding to connect with funding sources.

Further Reading: Exchange-Traded Funds (ETFs)

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