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

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 33,400 shares, a growth of 97.6% from the March 15th total of 16,900 shares. Based on an average daily volume of 44,200 shares, the short-interest ratio is currently 0.8 days. Approximately 0.8% of the company’s stock are short sold.

MingZhu Logistics Stock Up 36.5 %

Shares of YGMZ stock traded up $0.27 during mid-day trading on Friday, reaching $1.01. 3,386,387 shares of the company were exchanged, compared to its average volume of 120,403. MingZhu Logistics has a fifty-two week low of $0.64 and a fifty-two week high of $4.35. The business’s 50 day simple moving average is $0.81 and its 200 day simple moving average is $0.99.

MingZhu Logistics Company Profile

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.