Geely Automobile Holdings Limited (OTCMKTS:GELYF – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 518,053 shares, a decline of 46.5% from the July 30th total of 968,796 shares. Based on an average daily volume of 59,722 shares, the days-to-cover ratio is presently 8.7 days.
Geely Automobile Stock Down 3.1%
OTCMKTS:GELYF traded down $0.07 on Monday, reaching $2.25. 17,089 shares of the stock traded hands, compared to its average volume of 66,598. Geely Automobile has a 12 month low of $1.92 and a 12 month high of $3.30. The company’s fifty day simple moving average is $2.37 and its 200 day simple moving average is $2.49.
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.
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