Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY – Get Free Report) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,403 shares, a drop of 57.1% from the August 15th total of 3,272 shares. Based on an average daily volume of 866 shares, the days-to-cover ratio is currently 1.6 days.
Zhongsheng Group Stock Performance
Zhongsheng Group stock opened at $4.40 on Monday. The stock has a fifty day moving average price of $5.62 and a 200 day moving average price of $8.04. Zhongsheng Group has a 52 week low of $4.00 and a 52 week high of $20.22.
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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