Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) Sees Significant Decrease in Short Interest

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totalling 100 shares, a drop of 50.0% from the September 15th total of 200 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is currently 0.1 days.

Zhongsheng Group Stock Performance

Zhongsheng Group stock opened at $16.32 on Friday. The firm’s fifty day moving average price is $13.58 and its 200-day moving average price is $16.32. Zhongsheng Group has a fifty-two week low of $10.99 and a fifty-two week high of $26.92.

Zhongsheng Group Company Profile

Zhongsheng Group Holdings Limited, an investment holding company, engages in the sale and service of motor vehicles in the People's Republic of China. The company operates 4S dealerships for various automobile brands consisting of luxury automobile brands, including Mercedes-Benz, Lexus, BMW, Audi, Jaguar Land Rover, Porsche, and Volvo; and mid-to-high end automobile brands, such as Toyota, Honda, and Nissan.