Short Interest in Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) Decreases By 99.0%

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 14 shares, a drop of 99.0% from the May 14th total of 1,436 shares. Based on an average daily volume of 590 shares, the short-interest ratio is currently 0.0 days.

Zhongsheng Group Stock Performance

Shares of Zhongsheng Group stock traded up $0.08 during trading on Tuesday, hitting $7.64. The stock had a trading volume of 32,172 shares, compared to its average volume of 2,699. Zhongsheng Group has a 1 year low of $7.56 and a 1 year high of $22.00. The stock has a 50 day simple moving average of $9.23 and a 200 day simple moving average of $12.48.

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.