Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) Short Interest Down 95.7% in June

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 1,136 shares, a drop of 95.7% from the June 15th total of 26,128 shares. Based on an average daily trading volume, of 4,272 shares, the days-to-cover ratio is presently 0.3 days.

Zhongsheng Group Stock Performance

Shares of OTCMKTS ZSHGY remained flat at $6.47 during midday trading on Friday. The stock’s 50-day moving average price is $7.54 and its two-hundred day moving average price is $11.17. Zhongsheng Group has a 12 month low of $6.04 and a 12 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.