MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Sees Significant Growth in Short Interest

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 243,600 shares, a growth of 297.4% from the May 31st total of 61,300 shares. Based on an average daily volume of 766,600 shares, the days-to-cover ratio is currently 0.3 days.

MingZhu Logistics Price Performance

Shares of YGMZ opened at $0.32 on Friday. MingZhu Logistics has a 1-year low of $0.32 and a 1-year high of $0.94. The firm has a 50 day simple moving average of $0.38 and a 200-day simple moving average of $0.44.

Shares of MingZhu Logistics are scheduled to reverse split before the market opens on Monday, July 1st. The 1-8 reverse split was announced on Monday, July 1st. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, July 1st.

About MingZhu Logistics

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.