MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Short Interest Up 284.8% in January

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 58,100 shares, an increase of 284.8% from the January 15th total of 15,100 shares. Based on an average trading volume of 56,000 shares, the short-interest ratio is currently 1.0 days. Currently, 1.9% of the company’s shares are short sold.

MingZhu Logistics Stock Down 7.7 %

Shares of MingZhu Logistics stock traded down $0.07 during trading hours on Wednesday, hitting $0.83. The company’s stock had a trading volume of 20,854 shares, compared to its average volume of 60,566. The stock has a 50 day moving average of $0.91 and a 200 day moving average of $1.09. MingZhu Logistics has a 12 month low of $0.64 and a 12 month high of $6.24.

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.