Geely Automobile Holdings Limited (OTCMKTS:GELYF – Get Free Report) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 618,426 shares, a decline of 60.6% from the May 31st total of 1,570,020 shares. Based on an average daily trading volume, of 88,906 shares, the days-to-cover ratio is presently 7.0 days.
Geely Automobile Stock Down 2.1%
GELYF stock traded down $0.05 during midday trading on Tuesday, reaching $2.20. 41,945 shares of the company’s stock traded hands, compared to its average volume of 73,314. Geely Automobile has a 52-week low of $1.92 and a 52-week high of $3.30. The stock’s 50-day moving average is $2.62 and its 200 day moving average is $2.43.
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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