COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) Short Interest Up 36.6% in August

Key Points

• Short interest for COSCO SHIPPING Holdings Co., Ltd. (CICOY) rose by 36.6% in August, with total short interest reaching 17,900 shares by August 15th.
• The stock has seen a 1.1% decline on the latest trading day, currently priced at $8.92.
• Recent analyst ratings have downgraded the stock from a "strong-buy" to a "hold" and "strong sell", with a consensus rating of "Reduce".

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY - Get Free Report) was the target of a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 17,900 shares, agrowthof36.6% from the July 31st total of 13,100 shares. Based on an average daily volume of 7,700 shares, the short-interest ratio is currently 2.3 days. Based on an average daily volume of 7,700 shares, the short-interest ratio is currently 2.3 days.

COSCO SHIPPING Trading Down 1.1%

Shares of CICOY stock traded down $0.10 during trading hours on Monday, reaching $8.92. The company's stock had a trading volume of 1,591 shares, compared to its average volume of 7,517. The firm's 50 day simple moving average is $9.09 and its 200-day simple moving average is $8.35. COSCO SHIPPING has a fifty-two week low of $6.09 and a fifty-two week high of $9.90. The company has a current ratio of 1.68, a quick ratio of 1.63 and a debt-to-equity ratio of 0.11.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Zacks Research lowered COSCO SHIPPING from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Citigroup lowered COSCO SHIPPING from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, June 24th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce".

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.

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