Geely Automobile Holdings Limited (OTCMKTS:GELYF) Short Interest Up 158.4% in July

Geely Automobile Holdings Limited (OTCMKTS:GELYF) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 968,796 shares, a growth of 158.4% from the July 15th total of 374,880 shares. Based on an average daily trading volume, of 95,228 shares, the short-interest ratio is currently 10.2 days.

Geely Automobile Stock Down 1.5%

GELYF opened at $2.33 on Friday. The firm’s fifty day simple moving average is $2.38 and its 200 day simple moving average is $2.47. Geely Automobile has a 12 month low of $1.92 and a 12 month 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.