Short Interest in MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Rises By 59.6%

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 24,900 shares, an increase of 59.6% from the November 15th total of 15,600 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 44,600 shares, the short-interest ratio is currently 0.6 days.

MingZhu Logistics Stock Performance

NASDAQ YGMZ opened at $1.20 on Thursday. The company has a 50-day simple moving average of $1.24 and a two-hundred day simple moving average of $1.53. MingZhu Logistics has a 12-month low of $0.91 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.