COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOF – Get Free Report) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 15,653,800 shares, a growth of 427.2% from the December 31st total of 2,969,400 shares. Based on an average daily volume of 4,900 shares, the short-interest ratio is currently 3,194.7 days.
COSCO SHIPPING Price Performance
CICOF stock remained flat at $1.51 during mid-day trading on Thursday. COSCO SHIPPING has a one year low of $0.99 and a one year high of $1.89. The business’s fifty day moving average is $1.54 and its 200 day moving average is $1.46.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group raised shares of COSCO SHIPPING from a “sell” rating to a “neutral” rating in a research note on Wednesday, October 2nd.
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.
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