MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Short Interest Up 62.2% in August

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 71,700 shares, an increase of 62.2% from the August 15th total of 44,200 shares. Based on an average trading volume of 207,800 shares, the short-interest ratio is presently 0.3 days. Approximately 2.4% of the shares of the stock are sold short.

MingZhu Logistics Stock Up 0.8 %

YGMZ opened at $1.13 on Friday. MingZhu Logistics has a 52 week low of $0.91 and a 52 week high of $7.54. The business’s fifty day simple moving average is $1.21 and its 200 day simple moving average is $2.49.

MingZhu Logistics Company Profile

MingZhu Logistics Holdings Limited, through its subsidiaries, provides trucking services in the People's Republic of China. It also provides car-hailing and driver management services, and car owner services. The company serves sizeable third-party logistics companies, freight forwarders, and warehouse operators, as well as other supply chain service providers.