Short Interest in Qube Holdings Limited (OTCMKTS:QUBHF) Drops By 36.5%

Qube Holdings Limited (OTCMKTS:QUBHF) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 2,136,287 shares, a drop of 36.5% from the May 31st total of 3,365,456 shares. Based on an average daily trading volume, of 2,182 shares, the days-to-cover ratio is presently 979.0 days.

Qube Price Performance

OTCMKTS:QUBHF remained flat at $3.48 during trading hours on Thursday. The company’s fifty day moving average price is $3.45 and its 200-day moving average price is $3.37. Qube has a one year low of $2.56 and a one year high of $3.72.

Qube Company Profile

Qube (OTCMKTS:QUBHF) is the American Depositary Receipt (ADR) of Qube Global Logistics Limited, one of Australia’s leading diversified logistics and infrastructure providers. The company offers an integrated suite of services that spans container stevedoring, rail operations, bulk and breakbulk handling, warehousing, terminal management and road transport. Qube’s asset-backed operating platforms are strategically located at key port precincts and inland terminals, enabling seamless connections between maritime and land freight networks across the Australian continent.

Since its incorporation in 2006 and subsequent listing on the Australian Securities Exchange in 2011, Qube has pursued both organic growth and targeted acquisitions to expand its service portfolio and geographic reach.