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

COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 3,207,800 shares, an increase of 61.3% from the November 15th total of 1,989,000 shares. Based on an average daily volume of 31,000 shares, the short-interest ratio is currently 103.5 days.

COSCO SHIPPING Price Performance

CICOF stock remained flat at $1.48 during trading on Friday. The company had a trading volume of 15,000 shares, compared to its average volume of 15,414. The company’s 50 day moving average price is $1.50 and its 200 day moving average price is $1.49. COSCO SHIPPING has a 12 month low of $0.88 and a 12 month high of $1.89.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of COSCO SHIPPING from a “sell” rating to a “neutral” rating in a research note 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.