MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Sees Significant Decline in Short Interest

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 35,300 shares, a decline of 39.2% from the January 31st total of 58,100 shares. Based on an average daily trading volume, of 61,500 shares, the days-to-cover ratio is presently 0.6 days.

MingZhu Logistics Stock Performance

NASDAQ:YGMZ opened at $0.70 on Friday. MingZhu Logistics has a 1-year low of $0.64 and a 1-year high of $6.24. The business has a 50 day moving average of $0.82 and a 200 day moving average of $1.06.

About MingZhu Logistics

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.