COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) Sees Significant Drop in Short Interest

COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 8,374,930 shares, a decline of 46.9% from the September 15th total of 15,768,437 shares. Based on an average daily trading volume, of 545 shares, the short-interest ratio is presently 15,366.8 days.

COSCO SHIPPING Price Performance

CICOF opened at $2.17 on Wednesday. The stock’s 50 day moving average price is $2.12 and its two-hundred day moving average price is $1.95. COSCO SHIPPING has a 12-month low of $1.59 and a 12-month high of $2.23.

COSCO SHIPPING Company Profile

COSCO SHIPPING Holdings Co, Ltd. is a China-based transportation and logistics company focused primarily on container shipping and related port operations. The company provides maritime transportation for manufactured goods, raw materials and other cargo, serving businesses engaged in international trade.

Its container shipping activities are conducted principally through COSCO SHIPPING Lines, while its port business includes investments in and operation of container terminals. Together, these operations support an integrated logistics network that connects major commercial regions in Asia, Europe, North America, the Middle East, Africa and other international markets.

The company was formerly known as China COSCO Holdings Co, Ltd.