Geely Automobile Holdings Limited (OTCMKTS:GELYF – Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 1,793,134 shares, a growth of 246.1% from the August 15th total of 518,053 shares. Based on an average daily trading volume, of 60,903 shares, the short-interest ratio is currently 29.4 days.
Geely Automobile Trading Down 1.9%
Shares of GELYF stock traded down $0.04 during mid-day trading on Friday, hitting $2.06. 473,079 shares of the stock were exchanged, compared to its average volume of 68,053. The firm has a fifty day moving average of $2.36 and a 200 day moving average of $2.49. Geely Automobile has a 52-week low of $1.92 and a 52-week high of $3.30.
Geely Automobile Company Profile
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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