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

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) was the target of a large increase in short interest in the month of 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 days-to-cover ratio is presently 1.5 days. Currently, 0.0% of the company’s stock are short sold.

COSCO SHIPPING Stock Performance

OTCMKTS CICOY opened at $9.57 on Friday. The company has a fifty day simple moving average of $9.66 and a 200 day simple moving average of $9.14. COSCO SHIPPING has a 12-month low of $7.43 and a 12-month high of $10.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.51 and a quick ratio of 1.45.

Analyst Ratings Changes

Separately, Zacks Research raised shares of COSCO SHIPPING to a “hold” rating in a research report 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. Based on data from MarketBeat.com, COSCO SHIPPING has a consensus rating of “Reduce”.

About COSCO SHIPPING

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.