Geely Automobile Holdings Limited (OTCMKTS:GELYF) Sees Large Decrease in Short Interest

Geely Automobile Holdings Limited (OTCMKTS:GELYF) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 778,954 shares, a drop of 56.6% from the August 31st total of 1,793,134 shares. Based on an average daily volume of 164,656 shares, the days-to-cover ratio is currently 4.7 days.

Geely Automobile Stock Performance

OTCMKTS:GELYF traded up $0.06 on Monday, hitting $2.08. 48,649 shares of the stock were exchanged, compared to its average volume of 66,339. Geely Automobile has a 52 week low of $1.82 and a 52 week high of $3.30. The company’s 50-day moving average price is $2.29 and its 200 day moving average price is $2.50.

Geely Automobile Company Profile

Geely Automobile Holdings Limited is a Chinese automotive company headquartered in Hangzhou, Zhejiang. The company develops, manufactures and sells passenger vehicles, including gasoline-powered, hybrid and battery-electric models. Its operations also include vehicle-related components, powertrains and technologies.

Geely Automobile’s principal brands include Geely Auto, Lynk & Co and Zeekr, which serve different segments of the passenger-vehicle market. The company has expanded its electric-vehicle portfolio and invests in vehicle platforms, batteries, intelligent driving systems and connected-car technologies.

The company traces its origins to the Geely Group, founded by Li Shufu in 1986, and began automobile production in the late 1990s.