Short Interest in MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Drops By 75.4%

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 2,900 shares, a drop of 75.4% from the December 31st total of 11,800 shares. Based on an average daily volume of 51,100 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

MingZhu Logistics Stock Performance

NASDAQ YGMZ traded up $0.05 during trading on Tuesday, reaching $0.84. The company’s stock had a trading volume of 22,854 shares, compared to its average volume of 78,418. The firm has a 50 day moving average price of $0.99 and a 200 day moving average price of $1.14. MingZhu Logistics has a 12 month low of $0.68 and a 12 month high of $6.24.

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.