Short Interest in COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) Grows By 84.4%

COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) was the recipient of a significant increase in short interest in 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 daily trading volume, of 207,300 shares, the short-interest ratio is currently 9.6 days.

COSCO SHIPPING Price Performance

COSCO SHIPPING stock opened at $1.44 on Friday. COSCO SHIPPING has a 12 month low of $0.88 and a 12 month high of $1.89. The stock has a fifty day simple moving average of $1.52 and a two-hundred day simple moving average of $1.50.

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of 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.