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

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 71,700 shares, a growth of 62.2% from the August 15th total of 44,200 shares. Based on an average trading volume of 207,800 shares, the days-to-cover ratio is presently 0.3 days. Approximately 2.4% of the company’s stock are short sold.

MingZhu Logistics Stock Performance

Shares of MingZhu Logistics stock opened at $1.13 on Friday. MingZhu Logistics has a one year low of $0.91 and a one year high of $7.54. The stock’s 50-day moving average is $1.21 and its 200-day moving average is $2.48.

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.