COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) Short Interest Update

COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,989,000 shares, an increase of 84.4% from the October 31st total of 1,078,600 shares. Based on an average trading volume of 207,300 shares, the days-to-cover ratio is currently 9.6 days.

COSCO SHIPPING Price Performance

COSCO SHIPPING stock traded down $0.09 during midday trading on Thursday, hitting $1.44. The company’s stock had a trading volume of 132,400 shares, compared to its average volume of 9,508. COSCO SHIPPING has a 1-year low of $0.88 and a 1-year high of $1.89. The company has a 50-day moving average price of $1.52 and a two-hundred day moving average price of $1.50.

COSCO SHIPPING (OTCMKTS:CICOF) last released its earnings results on Thursday, August 29th. The company reported $0.09 earnings per share for the quarter. The company had revenue of $7.31 billion for the quarter.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised COSCO SHIPPING from a “sell” rating to a “neutral” rating in a report on Wednesday, October 2nd.

About COSCO SHIPPING

COSCO SHIPPING Holdings Co, Ltd., an investment holding company, engages in the container shipping, managing and operating container terminals, and other terminal related businesses in the United States, Europe, the Asia Pacific, Mainland China, and internationally. It operates through Container Shipping Business and Terminal Business segments.