COSCO SHIPPING Energy Transportation Co., Ltd. (OTCMKTS:CSDXF) Shares Shorted: Short Interest Down 78.7% in September

COSCO SHIPPING Energy Transportation Co., Ltd. (OTCMKTS:CSDXF) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 54,565 shares, a decrease of 78.7% from the August 31st total of 256,565 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

COSCO SHIPPING Energy Transportation Stock Performance

Shares of COSCO SHIPPING Energy Transportation stock remained flat at $2.06 during midday trading on Friday. COSCO SHIPPING Energy Transportation has a fifty-two week low of $0.79 and a fifty-two week high of $2.83. The business’s 50-day simple moving average is $1.92 and its 200 day simple moving average is $2.09.

COSCO SHIPPING Energy Transportation Company Profile

COSCO SHIPPING Energy Transportation Co, Ltd. (OTCMKTS:CSDXF) is a Chinese shipping enterprise primarily engaged in the transportation of energy commodities. As a subsidiary of China COSCO Shipping Corporation, the company operates one of the world’s largest tanker fleets, specializing in crude oil, refined petroleum products and liquefied natural gas (LNG) shipping. Its fleet includes very large crude carriers (VLCCs), Suezmax and Aframax vessels, as well as specialized LNG carriers, enabling the firm to serve a broad range of chartering requirements.

The company’s core business involves time charter, voyage charter and ship management services for its tankers.