Short Interest in Geely Automobile Holdings Limited (OTCMKTS:GELYF) Increases By 51.9%

Geely Automobile Holdings Limited (OTCMKTS:GELYF) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 9,890,436 shares, an increase of 51.9% from the November 30th total of 6,510,657 shares. Based on an average daily volume of 125,206 shares, the short-interest ratio is currently 79.0 days. Based on an average daily volume of 125,206 shares, the short-interest ratio is currently 79.0 days.

Geely Automobile Stock Performance

Shares of OTCMKTS GELYF traded up $0.03 during mid-day trading on Monday, reaching $2.18. 40,988 shares of the company were exchanged, compared to its average volume of 61,349. The company’s 50-day simple moving average is $2.27 and its 200-day simple moving average is $2.31. Geely Automobile has a twelve month low of $1.66 and a twelve month high of $2.70.

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.