Geely Automobile Holdings Limited (OTCMKTS:GELYF – Get Free Report) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 618,426 shares, a drop of 60.6% from the May 31st total of 1,570,020 shares. Based on an average daily volume of 88,906 shares, the days-to-cover ratio is currently 7.0 days.
Geely Automobile Stock Down 2.1%
Shares of GELYF stock opened at $2.20 on Wednesday. The stock has a 50-day simple moving average of $2.60 and a 200 day simple moving average of $2.43. Geely Automobile has a fifty-two week low of $1.92 and a fifty-two week high of $3.30.
Geely Automobile Company Profile
Geely Automobile Holdings Limited is a China-based automotive manufacturer and a subsidiary of Zhejiang Geely Holding Group. Established in 1997 by entrepreneur Li Shufu, the company has grown from a regional car assembler into one of China’s leading privately owned passenger vehicle producers. Geely Auto made its public debut on the Hong Kong Stock Exchange in 2005 and trades over-the-counter in the U.S. under the symbol GELYF.
Geely’s core business centers on the design, development, manufacturing and sale of a broad range of passenger cars.
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