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

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

MingZhu Logistics Stock Down 7.7 %

MingZhu Logistics stock traded down $0.07 during mid-day trading on Wednesday, reaching $0.83. The company’s stock had a trading volume of 20,854 shares, compared to its average volume of 60,566. The business’s 50 day simple moving average is $0.91 and its 200 day simple moving average is $1.09. MingZhu Logistics has a 12 month low of $0.64 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.