MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Short Interest Down 37.6% in November

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 15,600 shares, a drop of 37.6% from the October 31st total of 25,000 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 45,100 shares, the short-interest ratio is currently 0.3 days.

MingZhu Logistics Stock Performance

NASDAQ:YGMZ opened at $1.11 on Thursday. The firm’s 50-day moving average is $1.27 and its 200-day moving average is $1.66. MingZhu Logistics has a 52-week low of $0.91 and a 52-week high of $6.24.

MingZhu Logistics Company Profile

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.