Short Interest in MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Grows By 97.6%

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 33,400 shares, a growth of 97.6% from the March 15th total of 16,900 shares. Based on an average daily trading volume, of 44,200 shares, the short-interest ratio is presently 0.8 days. Approximately 0.8% of the shares of the stock are sold short.

MingZhu Logistics Stock Performance

YGMZ stock opened at $0.74 on Wednesday. MingZhu Logistics has a 1-year low of $0.64 and a 1-year high of $4.35. The business has a 50 day simple moving average of $0.80 and a two-hundred day simple moving average of $0.99.

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.