Short Interest in COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) Decreases By 9.6%

by · The Cerbat Gem

COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF – Get Free Report) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 2,900,000 shares, a decline of 9.6% from the November 30th total of 3,207,800 shares. Based on an average daily volume of 156,200 shares, the short-interest ratio is currently 18.6 days.

Analyst Upgrades and Downgrades

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

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COSCO SHIPPING Stock Performance

CICOF stock remained flat at $1.63 during trading on Monday. COSCO SHIPPING has a twelve month low of $0.95 and a twelve month high of $1.89. The firm’s fifty day simple moving average is $1.52 and its two-hundred day simple moving average is $1.48.

About COSCO SHIPPING

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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.

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