MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Short Interest Up 768.4% in December

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 995,200 shares, a growth of 768.4% from the December 15th total of 114,600 shares. Based on an average daily trading volume, of 529,100 shares, the short-interest ratio is presently 1.9 days. Approximately 14.1% of the company’s shares are short sold.

YGMZ stock opened at $1.56 on Friday. MingZhu Logistics has a 12 month low of $1.50 and a 12 month high of $58.00. The firm’s 50-day moving average is $2.12 and its 200 day moving average is $3.09.

An institutional investor recently bought a new position in MingZhu Logistics stock. Renaissance Technologies LLC bought a new stake in shares of MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 143,800 shares of the company’s stock, valued at approximately $432,000. Renaissance Technologies LLC owned 1.16% of MingZhu Logistics as of its most recent filing with the Securities and Exchange Commission. 1.07% of the stock is owned by hedge funds and other institutional investors.

MingZhu Logistics Company Profile

MingZhu Logistics Holdings Limited provides trucking and delivery services using its truckload fleet and subcontractors in the People's Republic of China. The company serves sizeable logistics companies, freight forwarders, and warehouse operators. As of March 5, 2021, it operated a truckload fleet with 114 tractors and 76 trailers.

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