Short Interest in Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) Grows By 7.3%

Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 17,600 shares, an increase of 7.3% from the May 31st total of 16,400 shares. Based on an average daily trading volume, of 22,400 shares, the short-interest ratio is presently 0.8 days. Currently, 0.5% of the company’s shares are sold short.

Grindrod Shipping Stock Performance

GRIN stock traded up $0.05 during midday trading on Tuesday, reaching $13.90. The company’s stock had a trading volume of 18,895 shares, compared to its average volume of 18,661. The business’s 50-day simple moving average is $13.72 and its 200-day simple moving average is $11.27. Grindrod Shipping has a 52 week low of $7.35 and a 52 week high of $14.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.01.

Grindrod Shipping Company Profile

Grindrod Shipping Holdings Ltd., an international shipping company, engages in owning, chartering, and operating a fleet of dry bulk carriers worldwide. It operates through three segments: Handysize, Supramax/Ultramax, and Others. The company operates a fleet of vessels comprising handysize and supramax/ultramax dry bulk carriers transporting various bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers; and engages in the ship management activities.