Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) Sees Significant Increase in Short Interest

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 26,128 shares, an increase of 186,528.6% from the May 31st total of 14 shares. Based on an average daily trading volume, of 11,316 shares, the short-interest ratio is currently 2.3 days.

Zhongsheng Group Price Performance

Shares of OTCMKTS ZSHGY remained flat at $6.75 during mid-day trading on Thursday. The stock had a trading volume of 2,005 shares, compared to its average volume of 2,745. The company has a 50 day moving average price of $8.37 and a 200-day moving average price of $11.78. Zhongsheng Group has a 12 month low of $6.07 and a 12 month high of $22.00.

About Zhongsheng Group

Zhongsheng Group Holdings Limited, incorporated in 1998 and headquartered in Beijing, is one of China’s leading automotive retail and services providers. The company operates a comprehensive network of dealerships and service centers, offering a one-stop solution for consumers in the premium and luxury vehicle segments. Since its initial public offering on the Hong Kong Stock Exchange in 2009, Zhongsheng has expanded steadily to become a prominent name in China’s automotive retail landscape.

The company’s core business encompasses the sale of new vehicles across a portfolio of international brands, including marquee names in the luxury and premium markets.