COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) Short Interest Down 64.2% in August

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 6,400 shares, a drop of 64.2% from the August 15th total of 17,900 shares. Based on an average daily trading volume, of 11,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 11,000 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Zacks Research cut COSCO SHIPPING from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Citigroup cut COSCO SHIPPING from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

COSCO SHIPPING Price Performance

CICOY stock opened at $8.85 on Friday. The firm has a 50 day moving average of $9.10 and a 200-day moving average of $8.39. COSCO SHIPPING has a 12-month low of $6.28 and a 12-month high of $9.90. The company has a current ratio of 1.68, a quick ratio of 1.63 and a debt-to-equity ratio of 0.11.

COSCO SHIPPING Company Profile

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.