Guangzhou Automobile Group Co., Ltd. (OTCMKTS:GNZUF) Sees Significant Growth in Short Interest

Guangzhou Automobile Group Co., Ltd. (OTCMKTS:GNZUF) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 7,877,380 shares, an increase of 252.0% from the November 30th total of 2,237,980 shares. Based on an average trading volume of 25,838 shares, the days-to-cover ratio is currently 304.9 days. Based on an average trading volume of 25,838 shares, the days-to-cover ratio is currently 304.9 days.

Guangzhou Automobile Group Stock Down 2.1%

Shares of GNZUF traded down $0.01 during trading hours on Thursday, hitting $0.54. The stock had a trading volume of 7,300 shares, compared to its average volume of 5,466. The company’s fifty day moving average is $0.45 and its two-hundred day moving average is $0.42. Guangzhou Automobile Group has a 52 week low of $0.30 and a 52 week high of $0.55.

About Guangzhou Automobile Group

Guangzhou Automobile Group Co, Ltd. (GAC Group) is a state‐owned Chinese automaker headquartered in Guangzhou, Guangdong Province. Established in 2000 with origins tracing back to vehicle manufacturing activities in the 1950s, GAC Group has grown into one of China’s leading automotive conglomerates. The company is publicly traded on the Shanghai and Hong Kong stock exchanges, and its American Depositary Shares trade over the counter under the ticker GNZUF.

GAC Group’s core business encompasses the design, development, manufacture and sale of passenger cars, commercial vehicles and auto parts.