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

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 3,124 shares, a drop of 94.1% from the September 30th total of 52,632 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,590 shares, the short-interest ratio is currently 0.6 days.

COSCO SHIPPING Price Performance

Shares of OTCMKTS:CICOY traded up $0.21 during trading on Monday, reaching $10.61. The stock had a trading volume of 2,002 shares, compared to its average volume of 9,278. COSCO SHIPPING has a 52 week low of $8.26 and a 52 week high of $11.55. The business’s 50-day moving average price is $10.72 and its 200 day moving average price is $9.83. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.45.

About COSCO SHIPPING

COSCO SHIPPING Holdings Co, Ltd. is a China-based transportation and logistics company focused primarily on container shipping and related port operations. Through its subsidiaries, the company provides ocean transportation for containerized cargo, including manufactured goods, consumer products, industrial materials and other international freight.

The company also participates in the development, operation and management of container terminals in major global ports. Its broader services include supply-chain and logistics solutions, equipment and container-related services, and other activities that support the movement of cargo through international trade routes.

COSCO SHIPPING Holdings is part of China COSCO Shipping Corporation Limited and traces its corporate development to the restructuring of China’s state-owned shipping businesses.