MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Short Interest Up 59.6% in November

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 24,900 shares, a growth of 59.6% from the November 15th total of 15,600 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 44,600 shares, the short-interest ratio is currently 0.6 days.

MingZhu Logistics Stock Performance

Shares of NASDAQ:YGMZ opened at $1.19 on Friday. MingZhu Logistics has a 52-week low of $0.91 and a 52-week high of $6.24. The business has a 50-day moving average price of $1.23 and a 200-day moving average price of $1.52.

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.