Short Interest in COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) Drops By 64.2%

Key Points

• COSCO SHIPPING Holdings experienced a significant 64.2% drop in short interest in August, falling to 6,400 shares from 17,900 shares.
• Analysts have downgraded COSCO SHIPPING from a "strong-buy" to a "hold" and "strong sell" rating, reflecting a current consensus rating of "Reduce."
• The stock has shown a 12-month price range with a low of $6.28 and a high of $9.90, recently opening at $8.85.

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY - Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 6,400 shares, a decline of 64.2% from the August 15th total of 17,900 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup downgraded shares of COSCO SHIPPING from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, June 24th. Zacks Research downgraded shares of COSCO SHIPPING from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce".

COSCO SHIPPING Trading Down 0.8%

Shares of CICOY traded down $0.07 during midday trading on Thursday, hitting $8.78. 3,440 shares of the stock traded hands, compared to its average volume of 3,777. COSCO SHIPPING has a 1-year low of $6.28 and a 1-year high of $9.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.63 and a current ratio of 1.68. The business's 50 day moving average price is $9.12 and its two-hundred day moving average price is $8.43.

COSCO SHIPPING Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, November 10th. Investors of record on Thursday, September 25th will be issued a $0.2832 dividend. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a yield of 1,282.0%.

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.