COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) Short Interest Up 131.1% in April

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOYGet Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 27,196 shares, an increase of 131.1% from the April 15th total of 11,766 shares. Based on an average daily volume of 18,246 shares, the short-interest ratio is currently 1.5 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of COSCO SHIPPING to a “hold” rating in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Read Our Latest Stock Analysis on COSCO SHIPPING

COSCO SHIPPING Price Performance

OTCMKTS CICOY traded down $0.02 during mid-day trading on Friday, reaching $9.57. 2,736 shares of the stock were exchanged, compared to its average volume of 6,971. COSCO SHIPPING has a 1-year low of $7.43 and a 1-year high of $10.51. The business’s fifty day simple moving average is $9.66 and its 200 day simple moving average is $9.14. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.09.

COSCO SHIPPING Company Profile

(Get Free Report)

COSCO SHIPPING (OTCMKTS:CICOY) is the international trading name of a major Chinese state-owned integrated shipping and logistics company. The firm provides ocean transport and related maritime services across a broad range of cargo types, and it operates as part of China’s strategic shipping sector. The company’s activities cover container liner shipping, dry bulk and tanker services, terminal operations, and integrated logistics solutions that support global trade flows.

Core services include scheduled container shipping on major east–west and regional trade lanes, bulk carrier and tanker operations for commodity transport, and ownership or management of port terminals and stevedoring facilities.

Further Reading

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