Grindrod Shipping falls day after record high, some investors cut stake

Grindrod Shipping Holdings

18/02/2022 12:46

** Nasdaq-listed shares of international shipping co
Grindrod Shipping Holdings Ltd  GRIN.O  fall 5.7% to $23.65
premarket 
    ** GRIN says QVT Financial LP has disposed of all ordinary
shares held in the company as of Feb. 14  urn:newsml:reuters.com:*:nFWN2US262
    ** Ninety One SA cut shareholdings to just 6552 (0.03%)
ordinary shares as of Feb. 10 - GRIN  urn:newsml:reuters.com:*:nFWN2US262
    ** Co also announces appointment of Paul Charles Over as a
new non-independent, non-executive director to its board
 urn:newsml:reuters.com:*:nJseR0005a
    ** GRIN touched a record high on Thursday on earnings beat
 urn:newsml:reuters.com:*:nL4N2US316
    ** The two brokerages covering the stock rate it "buy";
their median PT is $27.5 - Refinitiv data
    ** Up to last close, GRIN had gained 39.1% this year

 (Reporting by Bansari Mayur Kamdar in Bengaluru)
 ((BansariMayur.Kamdar@thomsonreuters.com;))