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

COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 10,853,400 shares, a growth of 763.2% from the September 30th total of 1,257,400 shares. Based on an average daily trading volume, of 10,400 shares, the short-interest ratio is currently 1,043.6 days.

Analysts Set New Price Targets

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

COSCO SHIPPING Stock Performance

Shares of COSCO SHIPPING stock remained flat at $1.49 on Friday. COSCO SHIPPING has a 52 week low of $0.88 and a 52 week high of $1.89. The stock’s 50-day simple moving average is $1.42 and its 200 day simple moving average is $1.45.

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

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.