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

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 11,800 shares, a drop of 52.6% from the November 30th total of 24,900 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 35,300 shares, the days-to-cover ratio is currently 0.3 days.

MingZhu Logistics Stock Performance

NASDAQ YGMZ opened at $1.05 on Friday. MingZhu Logistics has a 52-week low of $0.86 and a 52-week high of $6.24. The company has a 50-day simple moving average of $1.19 and a 200 day simple moving average of $1.39.

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.