Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) Sees Large Increase in Short Interest

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 800 shares, agrowthof166.7% from the July 15th total of 300 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 4.0 days. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 4.0 days.

Zhongsheng Group Trading Down 3.7%

Shares of OTCMKTS:ZSHGY opened at $17.57 on Friday. The stock has a 50 day moving average of $16.01 and a 200 day moving average of $16.06. Zhongsheng Group has a 12-month low of $10.99 and a 12-month high of $22.69.

Zhongsheng Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, July 28th. Investors of record on Friday, June 27th were paid a dividend of $0.7939 per share. The ex-dividend date was Thursday, June 26th. This represents a dividend yield of 514.0%. Zhongsheng Group’s payout ratio is 16.23%.

About Zhongsheng Group

Zhongsheng Group Holdings Limited, an investment holding company, engages in the sale and service of motor vehicles in the People's Republic of China. The company operates 4S dealerships for various automobile brands consisting of luxury automobile brands, including Mercedes-Benz, Lexus, BMW, Audi, Jaguar Land Rover, Porsche, and Volvo; and mid-to-high end automobile brands, such as Toyota, Honda, and Nissan.