Geely Automobile Holdings Limited (OTCMKTS:GELYF – Get Free Report) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 518,053 shares, a drop of 46.5% from the July 30th total of 968,796 shares. Based on an average daily volume of 59,722 shares, the days-to-cover ratio is presently 8.7 days.
Geely Automobile Stock Performance
Shares of OTCMKTS GELYF traded down $0.00 during midday trading on Friday, hitting $2.33. 12,689 shares of the company’s stock were exchanged, compared to its average volume of 66,935. The stock’s 50 day moving average price is $2.37 and its 200-day moving average price is $2.49. Geely Automobile has a twelve month low of $1.92 and a twelve month high of $3.30.
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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