MingZhu Logistics Holdings Limited (NASDAQ:YGMZ – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 243,600 shares, a growth of 297.4% from the May 31st total of 61,300 shares. Based on an average daily volume of 766,600 shares, the days-to-cover ratio is currently 0.3 days.
MingZhu Logistics Stock Down 2.7 %
Shares of NASDAQ YGMZ opened at $0.33 on Friday. The firm’s fifty day moving average is $0.38 and its 200 day moving average is $0.44. MingZhu Logistics has a 52 week low of $0.32 and a 52 week high of $0.94.
MingZhu Logistics shares are going to reverse split on Monday, July 1st. The 1-8 reverse split was announced on Monday, July 1st. The number of shares owned by shareholders will be adjusted after the market closes on Monday, July 1st.
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.
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