Intercont (Cayman) Limited (NASDAQ:NCT) Short Interest Update

Intercont (Cayman) Limited (NASDAQ:NCT) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 3,134,393 shares, a growth of 5,127.8% from the August 31st total of 59,956 shares. Approximately 5,913.9% of the shares of the stock are sold short. Based on an average daily volume of 31,280,175 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Intercont (Cayman)

A hedge fund recently raised its stake in Intercont (Cayman) stock. Renaissance Technologies LLC increased its position in shares of Intercont (Cayman) Limited (NASDAQ:NCT) by 258.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 413,900 shares of the company’s stock after acquiring an additional 298,337 shares during the quarter. Renaissance Technologies LLC owned about 31.36% of Intercont (Cayman) worth $30,000 as of its most recent SEC filing.

Intercont (Cayman) Trading Down 14.4%

NASDAQ NCT traded down $0.78 during trading hours on Thursday, hitting $4.65. The company’s stock had a trading volume of 80,772 shares, compared to its average volume of 122,046. Intercont has a twelve month low of $4.53 and a twelve month high of $1,025.00. The stock has a fifty day moving average of $68.13 and a 200 day moving average of $68.72.

Analyst Ratings Changes

Several research analysts recently issued reports on NCT shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Intercont (Cayman) in a research report on Wednesday, July 8th. Wall Street Zen raised shares of Intercont (Cayman) to a “sell” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Intercont (Cayman) Company Profile

Intercont (Cayman) Ltd. is a holding company, which engages in the provision of global maritime shipping services through its subsidiaries. Its services include time chartering and vessel management. The company was founded on July 4, 2023 and is headquartered in Hong Kong.