Guangzhou Automobile Group Co., Ltd. (OTCMKTS:GNZUF) Stock Short Interest Drops 33.7%

Guangzhou Automobile Group Co., Ltd. (OTCMKTS:GNZUF) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 6,661,807 shares, a decline of 33.7% from the September 30th total of 10,045,945 shares. Based on an average daily volume of 575 shares, the short-interest ratio is presently 11,585.8 days.

Guangzhou Automobile Group Stock Performance

OTCMKTS:GNZUF opened at $0.25 on Wednesday. Guangzhou Automobile Group has a 12-month low of $0.21 and a 12-month high of $0.56. The company’s 50-day moving average is $0.29 and its two-hundred day moving average is $0.35.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered Guangzhou Automobile Group to a “sell” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Guangzhou Automobile Group has a consensus rating of “Sell”.

Guangzhou Automobile Group Company Profile

Guangzhou Automobile Group Co, Ltd. (GAC Group) is a China-based automotive manufacturer headquartered in Guangzhou, Guangdong Province. Established in 1997, the company develops, manufactures and sells passenger vehicles, commercial vehicles, electric vehicles and related automotive components and services.

GAC Group operates through its own brands, including GAC Trumpchi for passenger vehicles and GAC Aion for new-energy vehicles. Its vehicle portfolio includes sedans, sport utility vehicles, multipurpose vehicles and electric models.