Short Interest in COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) Drops By 90.1%

COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 1,078,600 shares, a decline of 90.1% from the October 15th total of 10,853,400 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is currently 980.5 days.

COSCO SHIPPING Stock Performance

CICOF remained flat at $1.54 on Thursday. The company has a fifty day simple moving average of $1.47 and a two-hundred day simple moving average of $1.49. COSCO SHIPPING has a fifty-two week low of $0.88 and a fifty-two week high of $1.89.

COSCO SHIPPING (OTCMKTS:CICOF) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.09 EPS for the quarter. The company had revenue of $7.31 billion for the quarter.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of COSCO SHIPPING from a “sell” rating to a “neutral” rating in a research note on Wednesday, October 2nd.

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.