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

COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOY) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 15,100 shares, a growth of 420.7% from the October 15th total of 2,900 shares. Based on an average daily trading volume, of 84,700 shares, the days-to-cover ratio is presently 0.2 days.

COSCO SHIPPING Stock Performance

Shares of CICOY stock traded down $0.38 during trading hours on Tuesday, reaching $7.33. The company’s stock had a trading volume of 1,161 shares, compared to its average volume of 11,812. COSCO SHIPPING has a one year low of $4.34 and a one year high of $9.87. The firm’s fifty day simple moving average is $7.44 and its 200 day simple moving average is $7.57. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.61 and a quick ratio of 1.55.

COSCO SHIPPING Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.2787 per share. The ex-dividend date is Wednesday, October 9th. This is a boost from COSCO SHIPPING’s previous dividend of $0.13.

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.