MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Short Interest Up 59.6% in November

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 24,900 shares, an increase of 59.6% from the November 15th total of 15,600 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 44,600 shares, the short-interest ratio is presently 0.6 days.

MingZhu Logistics Stock Down 2.2 %

Shares of NASDAQ YGMZ opened at $1.19 on Friday. The firm’s 50 day simple moving average is $1.23 and its 200-day simple moving average is $1.52. MingZhu Logistics has a 12 month low of $0.91 and a 12 month high of $6.24.

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.