MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Short Interest Up 420.7% in January

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 15,100 shares, an increase of 420.7% from the December 31st total of 2,900 shares. Based on an average trading volume of 54,800 shares, the short-interest ratio is currently 0.3 days. Approximately 0.5% of the company’s stock are sold short.

MingZhu Logistics Stock Performance

YGMZ opened at $0.83 on Friday. MingZhu Logistics has a fifty-two week low of $0.68 and a fifty-two week high of $6.24. The company’s 50-day moving average is $0.97 and its 200 day moving average is $1.14.

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.