Short Interest in MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Decreases By 67.6%

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 11,900 shares, a decline of 67.6% from the September 30th total of 36,700 shares. Based on an average trading volume of 58,100 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the company’s shares are sold short.

MingZhu Logistics Price Performance

NASDAQ YGMZ opened at $1.46 on Friday. The business’s 50-day moving average is $1.21 and its 200 day moving average is $1.98. MingZhu Logistics has a 1 year low of $0.91 and a 1 year high of $6.24.

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.