Geely Automobile Holdings Limited (OTCMKTS:GELYF) Short Interest Up 623.9% in April

Geely Automobile Holdings Limited (OTCMKTS:GELYF) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 5,160,588 shares, an increase of 623.9% from the April 15th total of 712,924 shares. Based on an average daily trading volume, of 189,166 shares, the short-interest ratio is currently 27.3 days.

Geely Automobile Stock Down 3.1%

OTCMKTS:GELYF traded down $0.09 during trading hours on Wednesday, reaching $2.81. 27,370 shares of the stock were exchanged, compared to its average volume of 78,236. Geely Automobile has a twelve month low of $1.92 and a twelve month high of $3.30. The business has a 50-day moving average of $2.71 and a two-hundred day moving average of $2.39.

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.