MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Short Interest Down 75.4% in January

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totalling 2,900 shares, a decline of 75.4% from the December 31st total of 11,800 shares. Based on an average daily trading volume, of 51,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

MingZhu Logistics Stock Performance

YGMZ stock opened at $0.82 on Wednesday. The company’s 50 day moving average price is $0.98 and its 200 day moving average price is $1.14. MingZhu Logistics has a fifty-two week low of $0.68 and a fifty-two 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.