COSCO SHIPPING Energy Transportation Co., Ltd. (OTCMKTS:CSDXF) Short Interest Update

COSCO SHIPPING Energy Transportation Co., Ltd. (OTCMKTS:CSDXF) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 256,565 shares, a drop of 91.9% from the August 15th total of 3,186,090 shares. Based on an average daily volume of 73 shares, the short-interest ratio is currently 3,514.6 days.

COSCO SHIPPING Energy Transportation Stock Performance

Shares of CSDXF opened at $2.06 on Friday. The stock has a fifty day moving average price of $1.85 and a 200 day moving average price of $2.13. COSCO SHIPPING Energy Transportation has a 12 month low of $0.79 and a 12 month high of $2.83.

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.