Geely Automobile Holdings Limited (OTCMKTS:GELYF) Short Interest Down 63.4% in May

Geely Automobile Holdings Limited (OTCMKTS:GELYF) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,886,815 shares, a drop of 63.4% from the April 30th total of 5,160,588 shares. Based on an average daily volume of 123,989 shares, the days-to-cover ratio is presently 15.2 days.

Geely Automobile Stock Up 1.2%

Shares of OTCMKTS GELYF traded up $0.03 during mid-day trading on Monday, hitting $2.45. The stock had a trading volume of 43,147 shares, compared to its average volume of 77,122. Geely Automobile has a 1 year low of $1.92 and a 1 year high of $3.30. The business has a 50 day moving average price of $2.83 and a two-hundred day moving average price of $2.41.

About Geely Automobile

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.