MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Short Interest Update

MingZhu Logistics Holdings Limited (NASDAQ:YGMZGet Rating) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 70,200 shares, a growth of 110.8% from the August 15th total of 33,300 shares. Based on an average daily trading volume, of 43,200 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.5% of the company’s stock are sold short.

MingZhu Logistics Trading Down 0.6 %

Shares of YGMZ stock opened at $2.79 on Wednesday. MingZhu Logistics has a 1-year low of $1.24 and a 1-year high of $3.39. The stock’s fifty day simple moving average is $2.53 and its 200-day simple moving average is $2.04.

MingZhu Logistics Company Profile

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MingZhu Logistics Holdings Limited, through its subsidiaries, provides trucking and delivery services using its truckload fleet and subcontractors in the People's Republic of China. The company serves sizeable logistics companies, freight forwarders, and warehouse operators. As of December 31, 2021, it operated a truckload fleet with 102 tractors and 76 trailers.

Further Reading

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