COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) Short Interest Down 25.0% in July

Key Points

• Short interest in COSCO SHIPPING Holdings Co., Ltd. decreased by 25.0% from 1,200 shares in June to 900 shares in July, indicating a very low short-selling interest.
• The company recently increased its dividend to $0.5456 per share, yielding 8.88%, up from a previous dividend of $0.28.
• Analysts at Citigroup downgraded COSCO SHIPPING from a "strong-buy" to a "strong sell" rating, reflecting a significant shift in market perception.

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY - Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 900 shares, a decrease of 25.0% from the June 30th total of 1,200 shares. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company's shares are sold short.

COSCO SHIPPING Stock Down 3.4%

Shares of CICOY traded down $0.33 during trading hours on Wednesday, hitting $9.30. The stock had a trading volume of 9,396 shares, compared to its average volume of 6,358. COSCO SHIPPING has a 1-year low of $6.09 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 firm has a 50 day simple moving average of $8.90 and a 200-day simple moving average of $8.05.

COSCO SHIPPING Increases Dividend

The company 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 was Monday, June 2nd. This represents a dividend yield of 8.88%.

Analysts Set New Price Targets

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

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.