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

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

Analysts Set New Price Targets

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

COSCO SHIPPING Price Performance

Shares of CICOF stock remained flat at $1.54 during trading hours on Wednesday. The business’s 50-day simple moving average is $1.47 and its two-hundred day simple moving average is $1.49. COSCO SHIPPING has a 12 month low of $0.88 and a 12 month high of $1.89.

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

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.