Great Wall Motor Company Limited (OTCMKTS:GWLLF) Sees Large Drop in Short Interest

Great Wall Motor Company Limited (OTCMKTS:GWLLF) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 1,747,772 shares, a decrease of 59.0% from the November 30th total of 4,259,480 shares. Based on an average daily trading volume, of 476 shares, the days-to-cover ratio is currently 3,671.8 days. Based on an average daily trading volume, of 476 shares, the days-to-cover ratio is currently 3,671.8 days.

Great Wall Motor Stock Up 2.8%

Shares of OTCMKTS:GWLLF opened at $1.85 on Friday. Great Wall Motor has a fifty-two week low of $1.38 and a fifty-two week high of $2.51. The firm’s 50-day simple moving average is $1.96 and its 200-day simple moving average is $1.94.

About Great Wall Motor

Great Wall Motor Company Limited is a leading Chinese automotive manufacturer based in Baoding, Hebei Province. The company specializes in the design, development and production of sport-utility vehicles (SUVs), pickup trucks and electric vehicles. Its portfolio includes the Haval brand of SUVs, the WEY luxury SUV line, the Tank series of off-road vehicles and the ORA electric vehicle brand. Great Wall Motor’s vertical integration spans steel stamping, welding, painting and final assembly, allowing the company to maintain control over key production processes and quality standards.

Founded in 1984 as the Baoding Great Wall Foundry Factory, the company adopted the name Great Wall Motor in 1996 to reflect its automotive ambitions.