SITC International Holdings Company Limited (OTCMKTS:SITIY) Sees Significant Drop in Short Interest

SITC International Holdings Company Limited (OTCMKTS:SITIY) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 195 shares, a decrease of 87.8% from the May 31st total of 1,604 shares. Based on an average daily trading volume, of 1,533 shares, the days-to-cover ratio is currently 0.1 days.

SITC International Trading Down 2.8%

Shares of OTCMKTS SITIY traded down $1.16 during midday trading on Friday, hitting $40.59. The company’s stock had a trading volume of 728 shares, compared to its average volume of 2,138. The business’s 50 day moving average is $43.54 and its two-hundred day moving average is $40.98. SITC International has a 12-month low of $28.62 and a 12-month high of $46.93.

SITC International Company Profile

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.