COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) Short Interest Update

Key Points

• COSCO SHIPPING Holdings experienced a substantial increase in short interest in July, rising by 1,355.6% to a total of 13,100 shares.
• Citigroup downgraded the company's stock rating from "strong-buy" to "strong sell".
• COSCO SHIPPING recently increased its dividend to $0.5456, significantly up from the previous $0.28, indicating a yield of 888.0%.

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY - Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 13,100 shares, agrowthof1,355.6% from the July 15th total of 900 shares. Currently,0.0% of the shares of the stock are sold short. Based on an average trading volume of 20,400 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 20,400 shares, the short-interest ratio is presently 0.6 days. Currently,0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Citigroup cut shares of COSCO SHIPPING from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, June 24th.

COSCO SHIPPING Stock Down 1.9%

CICOY stock traded down $0.18 on Thursday, reaching $9.25. The company's stock had a trading volume of 7,454 shares, compared to its average volume of 7,827. The business has a fifty day simple moving average of $8.92 and a two-hundred day simple moving average of $8.18. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.63 and a current ratio of 1.68. COSCO SHIPPING has a 12-month low of $6.09 and a 12-month high of $9.90.

COSCO SHIPPING Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, July 14th. Shareholders of record on Tuesday, June 3rd were given a $0.5456 dividend. This is a boost from COSCO SHIPPING's previous dividend of $0.28. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 888.0%.

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.

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