MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Sees Large Decline in Short Interest

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 15,600 shares, a decrease of 37.6% from the October 31st total of 25,000 shares. Based on an average daily volume of 45,100 shares, the short-interest ratio is currently 0.3 days. Approximately 0.5% of the company’s shares are sold short.

MingZhu Logistics Stock Up 0.9 %

Shares of NASDAQ:YGMZ opened at $1.11 on Friday. MingZhu Logistics has a 12-month low of $0.91 and a 12-month high of $6.24. The business has a fifty day simple moving average of $1.26 and a 200 day simple moving average of $1.66.

About MingZhu Logistics

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.