Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) Short Interest Up 7.3% in June

Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 17,600 shares, a growth of 7.3% from the May 31st total of 16,400 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 22,400 shares, the days-to-cover ratio is presently 0.8 days.

Grindrod Shipping Price Performance

NASDAQ:GRIN remained flat at $13.94 during trading hours on Wednesday. 4,972 shares of the company traded hands, compared to its average volume of 18,553. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.01. Grindrod Shipping has a 1 year low of $7.35 and a 1 year high of $14.90. The stock’s fifty day moving average price is $13.72 and its 200-day moving average price is $11.31.

Grindrod Shipping Company Profile

Grindrod Shipping Holdings Ltd., an international shipping company, engages in owning, chartering, and operating a fleet of dry bulk carriers worldwide. It operates through three segments: Handysize, Supramax/Ultramax, and Others. The company operates a fleet of vessels comprising handysize and supramax/ultramax dry bulk carriers transporting various bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers; and engages in the ship management activities.