MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Sees Large Increase in Short Interest

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 58,100 shares, an increase of 284.8% from the January 15th total of 15,100 shares. Based on an average daily trading volume, of 56,000 shares, the short-interest ratio is currently 1.0 days. Approximately 1.9% of the company’s stock are sold short.

MingZhu Logistics Stock Up 16.7 %

NASDAQ YGMZ opened at $1.05 on Thursday. The firm’s fifty day moving average price is $0.91 and its 200 day moving average price is $1.09. MingZhu Logistics has a 12 month low of $0.64 and a 12 month high of $6.24.

About MingZhu Logistics

MingZhu Logistics Holdings Limited, through its subsidiaries, provides trucking services in the People’s Republic of China. The company also provides car-hailing and driver management services, and car owner services. It serves sizeable third-party logistics companies, freight forwarders, and warehouse operators, as well as other supply chain service providers.