Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) Short Interest Update

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 26,128 shares, a growth of 186,528.6% from the May 31st total of 14 shares. Based on an average daily volume of 11,316 shares, the days-to-cover ratio is currently 2.3 days.

Zhongsheng Group Stock Performance

OTCMKTS:ZSHGY opened at $6.20 on Friday. The stock’s 50-day moving average is $8.22 and its 200-day moving average is $11.69. Zhongsheng Group has a 1-year low of $6.07 and a 1-year high of $22.00.

About Zhongsheng Group

Zhongsheng Group Holdings Limited, incorporated in 1998 and headquartered in Beijing, is one of China’s leading automotive retail and services providers. The company operates a comprehensive network of dealerships and service centers, offering a one-stop solution for consumers in the premium and luxury vehicle segments. Since its initial public offering on the Hong Kong Stock Exchange in 2009, Zhongsheng has expanded steadily to become a prominent name in China’s automotive retail landscape.

The company’s core business encompasses the sale of new vehicles across a portfolio of international brands, including marquee names in the luxury and premium markets.