SITC International Holdings Company Limited (OTCMKTS:SITIY – Get Free Report) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,260 shares, a decrease of 56.1% from the April 15th total of 2,869 shares. Based on an average trading volume of 1,699 shares, the days-to-cover ratio is currently 0.7 days.
SITC International Trading Down 1.8%
SITIY opened at $45.49 on Friday. SITC International has a one year low of $28.62 and a one year high of $46.86. The business’s 50-day simple moving average is $43.76 and its 200-day simple moving average is $39.67.
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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