Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 26,128 shares, an increase of 186,528.6% from the May 31st total of 14 shares. Based on an average trading volume of 11,316 shares, the days-to-cover ratio is currently 2.3 days.
Zhongsheng Group Price Performance
Shares of ZSHGY remained flat at $6.75 during mid-day trading on Thursday. 2,005 shares of the stock traded hands, compared to its average volume of 2,745. Zhongsheng Group has a one year low of $6.07 and a one year high of $22.00. The stock has a 50 day moving average of $8.37 and a 200-day moving average of $11.78.
About Zhongsheng Group
Zhongsheng Group Holdings Limited, incorporated in 1998 and headquartered in Beijing, is one of China’s leading automotive retail and services providers. The company operates a comprehensive network of dealerships and service centers, offering a one-stop solution for consumers in the premium and luxury vehicle segments. Since its initial public offering on the Hong Kong Stock Exchange in 2009, Zhongsheng has expanded steadily to become a prominent name in China’s automotive retail landscape.
The company’s core business encompasses the sale of new vehicles across a portfolio of international brands, including marquee names in the luxury and premium markets.
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