Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) Sees Significant Decrease in Short Interest

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 100 shares, a decrease of 50.0% from the September 15th total of 200 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is presently 0.1 days.

Zhongsheng Group Price Performance

Shares of ZSHGY opened at $16.32 on Friday. The company’s 50-day moving average is $13.59 and its 200-day moving average is $16.32. Zhongsheng Group has a fifty-two week low of $10.99 and a fifty-two week high of $26.92.

Zhongsheng Group Company Profile

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.