Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) Short Interest Update

Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 17,600 shares, an increase of 91.3% from the March 31st total of 9,200 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 21,200 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered shares of Grindrod Shipping from a “c” rating to a “d+” rating in a report on Thursday, February 29th.

Grindrod Shipping Price Performance

NASDAQ GRIN traded down $0.08 on Friday, hitting $13.54. 24,211 shares of the stock were exchanged, compared to its average volume of 37,705. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average price of $11.00 and a two-hundred day moving average price of $9.88. Grindrod Shipping has a 52-week low of $6.80 and a 52-week high of $14.90.

Grindrod Shipping (NASDAQ:GRIN) last released its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter. Grindrod Shipping had a negative return on equity of 2.89% and a negative net margin of 2.49%. The business had revenue of $69.17 million for the quarter.

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.