Geely Automobile Holdings Limited (OTCMKTS:GELYF – Get Free Report) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 3,036,646 shares, a drop of 49.3% from the December 31st total of 5,992,018 shares. Based on an average daily volume of 100,644 shares, the days-to-cover ratio is presently 30.2 days. Based on an average daily volume of 100,644 shares, the days-to-cover ratio is presently 30.2 days.
Geely Automobile Trading Down 0.2%
Shares of OTCMKTS:GELYF opened at $2.13 on Thursday. The stock has a 50-day simple moving average of $2.21 and a 200-day simple moving average of $2.33. Geely Automobile has a 1 year low of $1.66 and a 1 year high of $2.70.
About Geely Automobile
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.
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