Geely Automobile Holdings Limited (OTCMKTS:GELYF) Sees Significant Growth in Short Interest

Geely Automobile Holdings Limited (OTCMKTS:GELYF) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 3,140,588 shares, an increase of 303.2% from the September 15th total of 778,954 shares. Based on an average trading volume of 98,156 shares, the short-interest ratio is currently 32.0 days.

Geely Automobile Stock Up 3.5%

GELYF stock traded up $0.07 during mid-day trading on Friday, reaching $1.93. 265,463 shares of the stock traded hands, compared to its average volume of 68,325. Geely Automobile has a 52 week low of $1.71 and a 52 week high of $3.30. The business has a 50-day moving average of $2.19 and a two-hundred day moving average of $2.47.

About Geely Automobile

Geely Automobile Holdings Limited is a Chinese automotive company headquartered in Hangzhou, Zhejiang. The company develops, manufactures and sells passenger vehicles, including gasoline-powered, hybrid and battery-electric models. Its operations also include vehicle-related components, powertrains and technologies.

Geely Automobile’s principal brands include Geely Auto, Lynk & Co and Zeekr, which serve different segments of the passenger-vehicle market. The company has expanded its electric-vehicle portfolio and invests in vehicle platforms, batteries, intelligent driving systems and connected-car technologies.

The company traces its origins to the Geely Group, founded by Li Shufu in 1986, and began automobile production in the late 1990s.