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

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 58,100 shares, a growth of 284.8% from the January 15th total of 15,100 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily volume of 56,000 shares, the short-interest ratio is currently 1.0 days.

MingZhu Logistics Stock Performance

Shares of YGMZ stock opened at $1.00 on Friday. MingZhu Logistics has a one year low of $0.64 and a one year high of $6.24. The company’s fifty day moving average price is $0.91 and its 200-day moving average price is $1.09.

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.