Short Interest in Intercont (Cayman) Limited (NASDAQ:NCT) Expands By 50.9%

Intercont (Cayman) Limited (NASDAQ:NCT) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 96,700 shares, a growth of 50.9% from the September 15th total of 64,100 shares. Approximately 6.1% of the company’s stock are short sold. Based on an average daily trading volume, of 238,700 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 238,700 shares, the days-to-cover ratio is currently 0.4 days. Approximately 6.1% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Intercont (Cayman) in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Intercont (Cayman) Trading Down 5.3%

NASDAQ:NCT opened at $1.12 on Thursday. Intercont has a 52 week low of $1.02 and a 52 week high of $8.76. The firm has a 50-day moving average price of $1.44 and a two-hundred day moving average price of $3.22.

Intercont (Cayman) Company Profile

Intercont (Cayman) Ltd. is a holding company, which engages in the provision of global maritime shipping services through its subsidiaries. Its services include time chartering and vessel management. The company was founded on July 4, 2023 and is headquartered in Hong Kong.