COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOY) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 7,500 shares, an increase of 1,150.0% from the December 15th total of 600 shares. Based on an average daily volume of 39,800 shares, the days-to-cover ratio is currently 0.2 days.
COSCO SHIPPING stock traded up $0.19 on Friday, reaching $10.00. The company’s stock had a trading volume of 5,704 shares, compared to its average volume of 13,466. The business’s fifty day moving average price is $8.72 and its 200 day moving average price is $9.02. COSCO SHIPPING has a twelve month low of $3.37 and a twelve month high of $14.72.
Separately, Zacks Investment Research lowered COSCO SHIPPING from a “buy” rating to a “hold” rating in a research note on Friday, December 10th.
COSCO SHIPPING Holdings Co, Ltd., an investment holding company, engages in the container shipping, container terminals, and other businesses in the United States, Europe, the Asia Pacific, Mainland China, and internationally. The company operates through Container Shipping Business, Container Terminal Business, and Corporate and Other Operations segments.
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