Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) Short Interest Down 95.7% in June

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 1,136 shares, a drop of 95.7% from the June 15th total of 26,128 shares. Based on an average trading volume of 4,272 shares, the short-interest ratio is currently 0.3 days.

Zhongsheng Group Price Performance

ZSHGY stock remained flat at $6.47 during midday trading on Friday. The company’s stock had a trading volume of 98 shares, compared to its average volume of 2,704. Zhongsheng Group has a fifty-two week low of $6.04 and a fifty-two week high of $22.00. The stock’s 50-day simple moving average is $7.59 and its 200 day simple moving average is $11.20.

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.