Do Traders Think Grindrod Shipping Holdings Ltd (GRIN) Can Turn Around Thursday?

The market has been down on Grindrod Shipping Holdings Ltd (GRIN) stock recently. GRIN gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Grindrod Shipping Holdings Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GRIN!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With GRIN Stock Today?

Grindrod Shipping Holdings Ltd (GRIN) stock is trading at $7.50 as of 3:27 PM on Thursday, Jun 1, an increase of $0.38, or 5.41% from the previous closing price of $7.11. The stock has traded between $7.11 and $7.64 so far today. Volume today is below average. So far 28,018 shares have traded compared to average volume of 43,237 shares.

More About Grindrod Shipping Holdings Ltd

Grindrod Shipping Holdings Ltd owns charters in and operates a fleet of drybulk carriers and one tanker. The drybulk carrier's business is further divided into handysize, and supramax. It generates its revenue from Vessels which comprise charter hire of ships and freight revenue. Click Here to get the full Stock Report for Grindrod Shipping Holdings Ltd stock.