Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 3,272 shares, a growth of 178.9% from the July 30th total of 1,173 shares. Based on an average daily trading volume, of 758 shares, the days-to-cover ratio is currently 4.3 days.
Zhongsheng Group Stock Performance
Shares of Zhongsheng Group stock opened at $5.05 on Friday. The business’s fifty day moving average price is $5.96 and its 200 day moving average price is $8.83. Zhongsheng Group has a twelve month low of $5.05 and a twelve month high of $22.00.
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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