COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) Sees Significant Decline in Short Interest

COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 1,257,400 shares, a decrease of 86.3% from the September 15th total of 9,158,700 shares. Based on an average daily volume of 11,600 shares, the days-to-cover ratio is currently 108.4 days.

Analyst Upgrades and Downgrades

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

COSCO SHIPPING Stock Performance

Shares of CICOF remained flat at $1.55 during midday trading on Friday. The company’s 50-day moving average price is $1.38 and its two-hundred day moving average price is $1.41. COSCO SHIPPING has a twelve month low of $0.88 and a twelve month high of $1.89.

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.