COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) Stock Short Interest Declines 94.1%

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 3,124 shares, a drop of 94.1% from the September 30th total of 52,632 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 5,590 shares, the short-interest ratio is currently 0.6 days.

COSCO SHIPPING Stock Performance

Shares of CICOY opened at $10.61 on Tuesday. The stock has a 50-day moving average of $10.73 and a two-hundred day moving average of $9.67. COSCO SHIPPING has a one year low of $8.26 and a one year high of $11.55. The company has a quick ratio of 1.36, a current ratio of 1.45 and a debt-to-equity ratio of 0.08.

COSCO SHIPPING Company Profile

COSCO SHIPPING Holdings Co, Ltd. is a China-based transportation and logistics company focused primarily on container shipping and related port operations. Through its subsidiaries, the company provides ocean transportation for containerized cargo, including manufactured goods, consumer products, industrial materials and other international freight.

The company also participates in the development, operation and management of container terminals in major global ports. Its broader services include supply-chain and logistics solutions, equipment and container-related services, and other activities that support the movement of cargo through international trade routes.

COSCO SHIPPING Holdings is part of China COSCO Shipping Corporation Limited and traces its corporate development to the restructuring of China’s state-owned shipping businesses.