Geely Automobile Holdings Limited (OTCMKTS:GELYF – Get Free Report) was the target of a significant 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 trading volume, of 88,906 shares, the short-interest ratio is currently 7.0 days.
Geely Automobile Stock Up 0.5%
Shares of GELYF traded up $0.01 during mid-day trading on Monday, hitting $2.23. 41,986 shares of the company’s stock were exchanged, compared to its average volume of 73,350. The stock’s 50-day moving average is $2.63 and its 200-day moving average is $2.43. Geely Automobile has a fifty-two week low of $1.92 and a fifty-two week high of $3.30.
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.
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