SITC International Holdings Company Limited (OTCMKTS:SITIY – Get Free Report) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,604 shares, an increase of 70.8% from the May 14th total of 939 shares. Based on an average daily trading volume, of 3,296 shares, the days-to-cover ratio is currently 0.5 days.
SITC International Price Performance
Shares of SITC International stock opened at $43.88 on Monday. The stock’s fifty day moving average is $44.24 and its two-hundred day moving average is $40.49. SITC International has a 52 week low of $28.62 and a 52 week high of $46.93.
About SITC International
SITC International (OTCMKTS:SITIY) is a Hong Kong–based container shipping and logistics company specializing in shortsea and regional liner services. The firm operates a fleet of owned and chartered vessels that transport containerized cargo across major trade lanes in Asia, the Middle East and Eastern Mediterranean. Its core business encompasses scheduled sailing services, vessel chartering and feeder operations, catering to shippers of consumer goods, industrial components and bulk commodities.
In addition to its liner shipping activities, SITC provides integrated logistics solutions that include inland trucking, port handling, warehousing and door-to-door delivery.
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