COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY – Get Free Report) 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. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 18,246 shares, the days-to-cover ratio is presently 1.5 days.
COSCO SHIPPING Stock Performance
COSCO SHIPPING stock remained flat at $9.59 during midday trading on Friday. The company had a trading volume of 1,897 shares, compared to its average volume of 6,945. The business has a 50-day simple moving average of $9.67 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.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded COSCO SHIPPING to a “hold” rating in a report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, COSCO SHIPPING currently 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.
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