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

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 15,900 shares, a decrease of 55.0% from the February 13th total of 35,300 shares. Based on an average daily trading volume, of 61,800 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are sold short.

MingZhu Logistics Stock Up 2.8 %

Shares of MingZhu Logistics stock opened at $0.95 on Friday. The stock’s fifty day moving average is $0.79 and its 200-day moving average is $1.05. MingZhu Logistics has a 12-month low of $0.64 and a 12-month high of $4.35.

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.