Short Interest in Guangzhou Automobile Group Co., Ltd. (OTCMKTS:GNZUF) Increases By 204.7%

Guangzhou Automobile Group Co., Ltd. (OTCMKTS:GNZUF) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 7,025,456 shares, an increase of 204.7% from the February 26th total of 2,305,923 shares. Based on an average daily trading volume, of 3,157 shares, the days-to-cover ratio is currently 2,225.4 days. Based on an average daily trading volume, of 3,157 shares, the days-to-cover ratio is currently 2,225.4 days.

Guangzhou Automobile Group Stock Performance

Shares of OTCMKTS GNZUF remained flat at $0.42 during trading on Wednesday. Guangzhou Automobile Group has a fifty-two week low of $0.30 and a fifty-two week high of $0.56. The firm has a 50-day moving average price of $0.47 and a 200-day moving average price of $0.46.

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.