MingZhu Logistics Holdings Limited (NASDAQ:YGMZ – Get Free Report) 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.
See Also
- Five stocks we like better than MingZhu Logistics
- Consumer Discretionary Stocks Explained
- Qualcomm Stock: AI-Powered Growth Despite Volatility
- 5 Top Rated Dividend Stocks to Consider
- Salesforce Stock: Meeting Recap, AI Focus, and Forecast
- Quiet Period Expirations Explained
- Is CAVA Overextended? A Closer Look at This High-Flying Stock
Receive News & Ratings for MingZhu Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MingZhu Logistics and related companies with MarketBeat.com's FREE daily email newsletter.