Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY – Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,436 shares, a growth of 870.3% from the April 30th total of 148 shares. Based on an average daily trading volume, of 2,171 shares, the days-to-cover ratio is presently 0.7 days.
Zhongsheng Group Price Performance
Shares of ZSHGY opened at $8.40 on Friday. Zhongsheng Group has a 12 month low of $7.95 and a 12 month high of $22.00. The stock’s 50-day moving average price is $9.47 and its two-hundred day moving average price is $12.81.
Zhongsheng Group Company Profile
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.
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