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

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 significant growth in short interest in August. As of August 15th, there was short interest totaling 17,900 shares, a growth of 36.6% 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 0.8%

CICOY traded down $0.07 during mid-day trading on Friday, reaching $8.85. 4,824 shares of the company traded hands, compared to its average volume of 3,964. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.68 and a quick ratio of 1.63. The company's fifty day moving average price is $9.10 and its 200-day moving average price is $8.39. COSCO SHIPPING has a 52-week low of $6.28 and a 52-week high of $9.90.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CICOY. Citigroup cut COSCO SHIPPING from a "strong-buy" rating to a "strong sell" rating in a research note on Tuesday, June 24th. Zacks Research cut COSCO SHIPPING from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, COSCO SHIPPING has a consensus rating of "Reduce".

About COSCO SHIPPING

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.