Guangzhou Automobile Group Co., Ltd. (OTCMKTS:GNZUF) Short Interest Up 18.0% in April

Guangzhou Automobile Group Co., Ltd. (OTCMKTS:GNZUF) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 8,287,370 shares, an increase of 18.0% from the March 31st total of 7,025,221 shares. Based on an average daily volume of 777 shares, the days-to-cover ratio is presently 10,665.9 days.

Guangzhou Automobile Group Price Performance

GNZUF opened at $0.32 on Friday. The firm has a 50 day moving average of $0.42 and a two-hundred day moving average of $0.45. Guangzhou Automobile Group has a 12-month low of $0.30 and a 12-month high of $0.56.

Guangzhou Automobile Group Company Profile

Guangzhou Automobile Group Co, Ltd. (GAC Group) is a state?owned Chinese automaker headquartered in Guangzhou, Guangdong Province. Established in 2000 with origins tracing back to vehicle manufacturing activities in the 1950s, GAC Group has grown into one of China’s leading automotive conglomerates. The company is publicly traded on the Shanghai and Hong Kong stock exchanges, and its American Depositary Shares trade over the counter under the ticker GNZUF.

GAC Group’s core business encompasses the design, development, manufacture and sale of passenger cars, commercial vehicles and auto parts.