COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF – Get Free Report) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 15,653,800 shares, an increase of 427.2% from the December 31st total of 2,969,400 shares. Based on an average daily volume of 4,900 shares, the short-interest ratio is currently 3,194.7 days.
COSCO SHIPPING Price Performance
Shares of OTCMKTS:CICOF remained flat at $1.51 during midday trading on Thursday. COSCO SHIPPING has a fifty-two week low of $0.99 and a fifty-two week high of $1.89. The stock’s 50-day simple moving average is $1.54 and its two-hundred day simple moving average is $1.46.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group upgraded 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.
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