MingZhu Logistics Holdings Limited (NASDAQ:YGMZ – Get Free Report) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 243,600 shares, a growth of 297.4% from the May 31st total of 61,300 shares. Based on an average trading volume of 766,600 shares, the days-to-cover ratio is presently 0.3 days.
MingZhu Logistics Stock Performance
Shares of MingZhu Logistics stock opened at $0.32 on Friday. MingZhu Logistics has a 1 year low of $0.32 and a 1 year high of $0.94. The company’s fifty day simple moving average is $0.38 and its 200-day simple moving average is $0.44.
MingZhu Logistics shares are going to reverse split on Monday, July 1st. The 1-8 reverse split was announced on Monday, July 1st. The number of shares owned by shareholders will be adjusted after the market closes on Monday, July 1st.
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.
Further Reading
- Five stocks we like better than MingZhu Logistics
- 3 Warren Buffett Stocks to Buy Now
- Qualcomm Stock: AI-Powered Growth Despite Volatility
- The How and Why of Investing in Gold Stocks
- Salesforce Stock: Meeting Recap, AI Focus, and Forecast
- How to Calculate Inflation Rate
- Is CAVA Overextended? A Closer Look at This High-Flying Stock
Receive News & Ratings for MingZhu Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MingZhu Logistics and related companies with MarketBeat.com's FREE daily email newsletter.
