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

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

Analyst Upgrades and Downgrades

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

Grindrod Shipping Trading Down 0.6 %

Shares of GRIN stock traded down $0.08 during midday trading on Friday, hitting $13.54. The company had a trading volume of 24,211 shares, compared to its average volume of 37,705. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.51. Grindrod Shipping has a 52-week low of $6.80 and a 52-week high of $14.90. The company’s 50 day simple moving average is $11.00 and its 200 day simple moving average is $9.88.

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

About Grindrod Shipping

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.