MingZhu Logistics Holdings Limited (NASDAQ:YGMZ – Get Free Report) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 157,400 shares, a decline of 19.8% from the January 15th total of 196,300 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 25,200 shares, the days-to-cover ratio is currently 6.2 days.
MingZhu Logistics Stock Performance
Shares of YGMZ stock opened at $0.51 on Tuesday. The stock’s fifty day moving average price is $0.49 and its 200 day moving average price is $0.54. MingZhu Logistics has a 1-year low of $0.39 and a 1-year high of $2.10.
Institutional Trading of MingZhu Logistics
A number of institutional investors and hedge funds have recently added to or reduced their stakes in YGMZ. Susquehanna International Group LLP acquired a new position in shares of MingZhu Logistics in the 4th quarter valued at about $59,000. Renaissance Technologies LLC lifted its holdings in shares of MingZhu Logistics by 32.2% in the 4th quarter. Renaissance Technologies LLC now owns 58,949 shares of the company’s stock valued at $50,000 after buying an additional 14,349 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of MingZhu Logistics in the 2nd quarter valued at about $25,000. Institutional investors and hedge funds own 0.47% of the company’s stock.
MingZhu Logistics Company Profile
MingZhu Logistics Holdings Limited, through its subsidiaries, provides trucking services in the People's Republic of China. It also provides car-hailing and driver management services, and car owner services. The company serves sizeable third-party logistics companies, freight forwarders, and warehouse operators, as well as other supply chain service providers.
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