Shenzhou International Group (OTCMKTS:SHZHY) Shares Down 6.1% – Time to Sell?

Shares of Shenzhou International Group Holdings Limited (OTCMKTS:SHZHY) dropped 6.1% on Wednesday . The stock traded as low as $8.1450 and last traded at $8.1450. Approximately 2,594 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 12,574 shares. The stock had previously closed at $8.67.

Shenzhou International Group Stock Down 6.1%

The firm has a fifty day moving average of $8.06 and a two-hundred day moving average of $8.06.

About Shenzhou International Group

Shenzhou International Group Holdings Limited operates as a vertically integrated knitwear manufacturer, providing design, sourcing, knitting, dyeing, cutting and sewing services for major global apparel brands. Founded in 1992 and headquartered in Ningbo, Zhejiang Province, the company has grown from a single factory into one of China’s largest garment producers. Its comprehensive production network encompasses strategic locations throughout eastern and western China, enabling efficient supply chain management and capacity to meet demand across multiple seasons.

The company’s primary offerings include knitted sportswear, casual wear and performance apparel, which it supplies to internationally recognized partners such as Nike, Adidas, Uniqlo and Puma.