Trading was light with 26K shares changing hands in the last trading session. Overall, volume was down 80.11% under the stocks normal daily volume.
Traders are more bullish on shares of the company as evidenced by the downtick in short interest. The company realized a fall in short interest of -2.59% as of the latest report on October 13, 2017. Short shares decreased 10,197 over that timeframe. The days to cover increased to 3.0 and the percentage of shorted shares is 0.01% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Renaissance Technologies LLC had acquired a total of 10,600 shares growing its stake by 0.9%. The value of the company’s investment in Global Ship Lease Inc New Class decreased from $1,768,000 to $1,470,000 a change of 16.9% since the last quarter. Citadel Advisors LLC augmented its ownership by buying 5,766 shares an increase of 37.6%. Citadel Advisors LLC currently owns 21,121 shares worth $26,000. The total value of its holdings increased 13.0%.
Tower Research Capital LLC (trc) added to its holdings by buying 3,235 shares an increase of 191.5% as of 06/30/2017. Tower Research Capital LLC (trc) now holds 4,924 shares with a value of $6,000. The value of the position overall is up by 200.0%. Ubs Group Ag cut its investment by selling 12,545 shares a decrease of 99.8% from 03/31/2017 to 06/30/2017. Ubs Group Ag claims 30 shares valued at $0. The value of the position overall is down by 100.0%.
The company is now down by 0.68% since yesterday’s close of $1.45. The stock is trading at $1.45 a tad above $1.40, the stock’s 50 day moving average and which is impressively higher than the 200 day moving average of $1.28. The 50 day moving average went up $0.05 or +3.28% and the 200 day average went up $0.17 or +13.05%.
Global Ship Lease, Inc., launched on March 14, 2008, is a holding company and containership charter owner. The Business’s activity consists of the ownership and chartering out of containerships. The Company owns a fleet of containerships with a range of sizes. The Business’s fleet consists of approximately 20 containerships, with a combined capacity of over 82,310 twenty-foot equivalent unit (TEU) and a weighted average age of approximately 11.0 years, and a non-weighted average age of over 11.3 years..