Guangzhou Automobile Group Co., Ltd. (OTCMKTS:GNZUF) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 677,400 shares, a decline of 50.6% from the August 15th total of 1,370,200 shares. Based on an average daily volume of 60,500 shares, the days-to-cover ratio is currently 11.2 days.
Separately, The Goldman Sachs Group lowered Guangzhou Automobile Group from a “conviction-buy” rating to a “neutral” rating in a research report on Tuesday, September 7th.
OTCMKTS:GNZUF traded down $0.08 during trading hours on Friday, reaching $0.99. 24,387 shares of the company traded hands, compared to its average volume of 33,388. The business’s 50-day moving average price is $0.95 and its two-hundred day moving average price is $0.91. Guangzhou Automobile Group has a 1 year low of $0.79 and a 1 year high of $1.29.
Guangzhou Automobile Group Co, Ltd., together with its subsidiaries, engages in the research, development, manufacture, and sale of vehicles and motorcycles, and parts and components; and provision of commercial and financial services in Mainland China and Hong Kong. The company operates through two segments, Vehicles and Related Operations, and Others.
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