MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Short Interest Update

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 11,900 shares, a drop of 67.6% from the September 30th total of 36,700 shares. Based on an average daily volume of 58,100 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the company’s shares are short sold.

MingZhu Logistics Price Performance

Shares of NASDAQ YGMZ opened at $1.46 on Friday. MingZhu Logistics has a twelve month low of $0.91 and a twelve month high of $6.24. The company’s fifty day moving average is $1.21 and its 200-day moving average is $1.99.

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.