Short Interest in MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Rises By 62.2%

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) saw a significant increase in short interest in 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. Approximately 2.4% of the company’s stock are short sold. Based on an average daily trading volume, of 207,800 shares, the days-to-cover ratio is presently 0.3 days.

MingZhu Logistics Price Performance

Shares of NASDAQ:YGMZ opened at $1.12 on Friday. The firm has a 50 day moving average of $1.21 and a 200 day moving average of $2.51. MingZhu Logistics has a 52 week low of $0.91 and a 52 week high of $7.54.

About MingZhu Logistics

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.