Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) Sees Significant Decrease in Short Interest

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGYGet Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,136 shares, a decrease of 95.7% from the June 15th total of 26,128 shares. Based on an average daily volume of 4,272 shares, the short-interest ratio is presently 0.3 days.

Zhongsheng Group Stock Performance

OTCMKTS:ZSHGY remained flat at $6.47 during trading hours on Friday. The firm has a fifty day simple moving average of $7.54 and a 200-day simple moving average of $11.17. Zhongsheng Group has a 12 month low of $6.04 and a 12 month high of $22.00.

Zhongsheng Group Company Profile

(Get Free Report)

Zhongsheng Group Holdings Limited, incorporated in 1998 and headquartered in Beijing, is one of China’s leading automotive retail and services providers. The company operates a comprehensive network of dealerships and service centers, offering a one-stop solution for consumers in the premium and luxury vehicle segments. Since its initial public offering on the Hong Kong Stock Exchange in 2009, Zhongsheng has expanded steadily to become a prominent name in China’s automotive retail landscape.

The company’s core business encompasses the sale of new vehicles across a portfolio of international brands, including marquee names in the luxury and premium markets.

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