Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) Sees Large Decrease in Short Interest

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 100 shares, a decrease of 91.7% from the March 15th total of 1,200 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is presently 0.1 days.

Zhongsheng Group Price Performance

Shares of OTCMKTS:ZSHGY remained flat at $13.58 during trading on Monday. 69 shares of the stock traded hands, compared to its average volume of 817. The business’s 50-day simple moving average is $16.92 and its two-hundred day simple moving average is $17.80. Zhongsheng Group has a 52-week low of $10.99 and a 52-week high of $22.69.

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.