COSCO SHIP HOLD (01919.HK)  +0.220 (+2.144%)    Short selling $17.05M; Ratio 17.060%   issued a profit warning expecting the net profit to slip 78% in 2023. After Morgan Stanley rated COSCO SHIP HOLD at Underweight, the stock dropped for 4 consecutive days, and lost its 20-day, 100-day and 10-day MA ($7.71- $8) this morning. It shed 4.5% to a market low of $7.66. Volume amounted to 22.92 million shares, which is close to yesterday's whole day trading volume.

SITC (01308.HK)  +0.480 (+2.620%)    Short selling $11.81M; Ratio 23.610%   faced the largest selling pressure among the remaining shippers this morning. The stock decreased for 2 consecutive days, and lost its 20-day and 100-day MA($13.04 and $13). It bottomed at $13.92, and cascaded 4% to $12.94.

Related NewsHSBC Research Trims COSCO SHIP ENGY (01138.HK) TP to $7.5 as Weak Oil Demand Outlook Affects Near-term Shr Price
COSCO SHIP DEV (02866.HK)  0.000 (0.000%)    Short selling $47.35K; Ratio 17.659%   and COSCO SHIP ENGY (01138.HK)  +0.040 (+0.558%)    Short selling $2.97M; Ratio 25.669%   slid 1.3% and 2.7% to $0.78 and $7.34, respectively, with the latter losing its 10-day MA ($7.51). Blue chip OOIL (00316.HK)  +1.550 (+1.639%)    Short selling $6.53M; Ratio 15.215%   faded 0.9% to $107.3 this morning after dropping 10% from an over-4-month high in the last 2 days. However, PACIFIC BASIN (02343.HK)  +0.010 (+0.505%)    Short selling $3.43M; Ratio 15.377%   reversed its decrease in 3 consecutive days, and peaked at $2.49. PACIFIC BASIN last printed at $2.44, up 0.8%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-09-16 16:25.)