COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) Stock Short Interest Falls 94.1%

COSCO SHIPPING Holdings Co., Ltd. Unsponsored ADR (OTCMKTS:CICOY) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 3,124 shares, a drop of 94.1% from the September 30th total of 52,632 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 5,590 shares, the days-to-cover ratio is currently 0.6 days.

COSCO SHIPPING Price Performance

Shares of OTCMKTS CICOY opened at $10.69 on Wednesday. The business has a 50-day moving average of $10.73 and a 200-day moving average of $9.68. COSCO SHIPPING has a 12 month low of $8.26 and a 12 month high of $11.55.

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. Through its subsidiaries, the company provides ocean transportation for containerized cargo, including manufactured goods, consumer products, industrial materials and other international freight.

The company also participates in the development, operation and management of container terminals in major global ports. Its broader services include supply-chain and logistics solutions, equipment and container-related services, and other activities that support the movement of cargo through international trade routes.

COSCO SHIPPING Holdings is part of China COSCO Shipping Corporation Limited and traces its corporate development to the restructuring of China’s state-owned shipping businesses.