Short Interest in Geely Automobile Holdings Limited (OTCMKTS:GELYF) Drops By 54.8%

Geely Automobile Holdings Limited (OTCMKTS:GELYF) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 1,361,700 shares, a decrease of 54.8% from the January 29th total of 3,012,131 shares. Based on an average daily trading volume, of 71,895 shares, the short-interest ratio is presently 18.9 days. Based on an average daily trading volume, of 71,895 shares, the short-interest ratio is presently 18.9 days.

Geely Automobile Stock Performance

Shares of OTCMKTS GELYF traded down $0.05 during mid-day trading on Friday, reaching $2.06. The company’s stock had a trading volume of 82,873 shares, compared to its average volume of 71,566. Geely Automobile has a 52 week low of $1.66 and a 52 week high of $2.70. The stock has a fifty day moving average of $2.17 and a two-hundred day moving average of $2.29.

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.