COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) Short Interest Up 763.2% in October

COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 10,853,400 shares, a growth of 763.2% from the September 30th total of 1,257,400 shares. Based on an average daily volume of 10,400 shares, the days-to-cover ratio is currently 1,043.6 days.

COSCO SHIPPING Stock Performance

Shares of OTCMKTS:CICOF remained flat at $1.49 during trading on Friday. The stock’s 50-day moving average is $1.42 and its 200-day moving average is $1.45. COSCO SHIPPING has a one year low of $0.88 and a one year high of $1.89.

COSCO SHIPPING (OTCMKTS:CICOF) last announced its earnings results on Thursday, August 29th. The company reported $0.09 earnings per share for the quarter. The company had revenue of $7.31 billion during the quarter.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of COSCO SHIPPING from a “sell” rating to a “neutral” rating in a research report 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.