Geely Automobile Holdings Limited (OTCMKTS:GELYF – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,886,815 shares, a drop of 63.4% from the April 30th total of 5,160,588 shares. Based on an average trading volume of 123,989 shares, the short-interest ratio is currently 15.2 days.
Geely Automobile Stock Performance
Shares of OTCMKTS GELYF opened at $2.42 on Friday. Geely Automobile has a 52-week low of $1.92 and a 52-week high of $3.30. The firm has a 50 day moving average price of $2.83 and a 200 day moving average price of $2.41.
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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