Short Interest in MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Rises By 768.4%

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) was the target of 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 volume of 529,100 shares, the short-interest ratio is currently 1.9 days. Approximately 14.1% of the company’s stock are short sold.

NASDAQ YGMZ opened at $1.56 on Friday. The company’s 50-day simple moving average is $2.12 and its two-hundred day simple moving average is $3.09. MingZhu Logistics has a one year low of $1.50 and a one year high of $58.00.

A hedge fund recently bought a new stake in MingZhu Logistics stock. Citadel Advisors LLC acquired a new stake in shares of MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 18,238 shares of the company’s stock, valued at approximately $55,000. Citadel Advisors LLC owned 0.15% of MingZhu Logistics at the end of the most recent quarter. 1.07% of the stock is owned by institutional investors.

About MingZhu Logistics

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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