COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) Sees Large Increase in Short Interest

COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 15,988,500 shares, a growth of 6.8% from the July 31st total of 14,970,500 shares. Based on an average daily trading volume, of 6,700 shares, the short-interest ratio is currently 2,386.3 days.

Analyst Ratings Changes

Separately, HSBC raised shares of COSCO SHIPPING from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th.

COSCO SHIPPING Trading Down 1.9 %

OTCMKTS:CICOF opened at $1.01 on Friday. COSCO SHIPPING has a one year low of $0.87 and a one year high of $1.40. The company has a fifty day moving average price of $0.99 and a 200 day moving average price of $1.06.

About COSCO SHIPPING

COSCO SHIPPING Holdings Co, Ltd., an investment holding company, engages in the container shipping, managing and operating container terminals, and other terminal related businesses in the United States, Europe, the Asia Pacific, Mainland China, and internationally. It operates through Container Shipping Business and Terminal Business segments.