COSCO SHIPPING Energy Transportation Co., Ltd. (OTCMKTS:CSDXF) Sees Large Decline in Short Interest

COSCO SHIPPING Energy Transportation Co., Ltd. (OTCMKTS:CSDXF) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 256,565 shares, a decline of 91.9% from the August 15th total of 3,186,090 shares. Based on an average trading volume of 73 shares, the short-interest ratio is presently 3,514.6 days.

COSCO SHIPPING Energy Transportation Price Performance

Shares of COSCO SHIPPING Energy Transportation stock remained flat at $2.06 on Thursday. COSCO SHIPPING Energy Transportation has a 1 year low of $0.79 and a 1 year high of $2.83. The company’s 50-day simple moving average is $1.85 and its 200-day simple moving average is $2.13.

COSCO SHIPPING Energy Transportation Company Profile

COSCO SHIPPING Energy Transportation Co, Ltd. (OTCMKTS:CSDXF) is a Chinese shipping enterprise primarily engaged in the transportation of energy commodities. As a subsidiary of China COSCO Shipping Corporation, the company operates one of the world’s largest tanker fleets, specializing in crude oil, refined petroleum products and liquefied natural gas (LNG) shipping. Its fleet includes very large crude carriers (VLCCs), Suezmax and Aframax vessels, as well as specialized LNG carriers, enabling the firm to serve a broad range of chartering requirements.

The company’s core business involves time charter, voyage charter and ship management services for its tankers.