Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) Short Interest Down 74.6% in June

Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 3,000 shares, a drop of 74.6% from the June 15th total of 11,800 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 102,500 shares, the short-interest ratio is currently 0.0 days.

A hedge fund recently bought a new stake in Grindrod Shipping stock. Renaissance Technologies LLC purchased a new stake in shares of Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,900 shares of the company’s stock, valued at approximately $110,000. Renaissance Technologies LLC owned about 0.09% of Grindrod Shipping at the end of the most recent quarter. 7.87% of the stock is currently owned by institutional investors.

NASDAQ GRIN traded down $0.05 during trading hours on Friday, reaching $2.67. The company’s stock had a trading volume of 31,178 shares, compared to its average volume of 104,346. The company has a 50-day moving average of $2.63. Grindrod Shipping has a 52 week low of $2.03 and a 52 week high of $7.97.

About Grindrod Shipping

Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers. The company operates in two businesses, Drybulk Carriers and Tankers. It operates a fleet of 24 owned dry bulk carriers and 6 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers.

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