Geely Automobile Holdings Limited (OTCMKTS:GELYF – Get Free Report) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 5,160,588 shares, an increase of 623.9% from the April 15th total of 712,924 shares. Based on an average daily volume of 189,166 shares, the short-interest ratio is presently 27.3 days.
Geely Automobile Stock Down 0.8%
Shares of OTCMKTS GELYF traded down $0.02 during midday trading on Tuesday, reaching $2.88. The company’s stock had a trading volume of 108,403 shares, compared to its average volume of 77,540. Geely Automobile has a one year low of $1.92 and a one year high of $3.30. The company has a 50 day moving average price of $2.70 and a 200 day moving average price of $2.38.
About Geely Automobile
Geely Automobile Holdings Limited is a China-based automotive manufacturer and a subsidiary of Zhejiang Geely Holding Group. Established in 1997 by entrepreneur Li Shufu, the company has grown from a regional car assembler into one of China’s leading privately owned passenger vehicle producers. Geely Auto made its public debut on the Hong Kong Stock Exchange in 2005 and trades over-the-counter in the U.S. under the symbol GELYF.
Geely’s core business centers on the design, development, manufacturing and sale of a broad range of passenger cars.
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