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

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

Zhongsheng Group Stock Performance

Shares of OTCMKTS:ZSHGY opened at $13.58 on Wednesday. The firm’s 50 day moving average price is $16.78 and its 200-day moving average price is $17.79. Zhongsheng Group has a twelve month low of $10.99 and a twelve month 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.