Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY – Get Free Report) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 400 shares, a growth of 100.0% from the June 30th total of 200 shares. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is currently 0.2 days.
Zhongsheng Group Price Performance
Shares of ZSHGY opened at $15.65 on Friday. The stock has a 50 day moving average of $17.76 and a 200 day moving average of $17.93. Zhongsheng Group has a 12 month low of $13.61 and a 12 month high of $36.05.
Zhongsheng Group Cuts Dividend
The firm also recently declared a dividend, which will be paid on Monday, July 29th. Investors of record on Thursday, June 27th will be given a dividend of $0.9706 per share. The ex-dividend date is Thursday, June 27th. Zhongsheng Group’s payout ratio is 16.23%.
About Zhongsheng Group
Zhongsheng Group Holdings Limited, an investment holding company, engages in the sale and service of motor vehicles in the People's Republic of China. The company operates 4S dealerships for various automobile brands consisting of luxury automobile brands, including Mercedes-Benz, Lexus, BMW, Audi, Jaguar Land Rover, Porsche, and Volvo; and mid-to-high end automobile brands, such as Toyota, Honda, and Nissan.
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