SITC International Holdings Company Limited (OTCMKTS:SITIY – Get Free Report) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 77 shares, a drop of 78.7% from the June 30th total of 362 shares. Based on an average daily trading volume, of 865 shares, the days-to-cover ratio is presently 0.1 days.
SITC International Stock Down 5.8%
OTCMKTS:SITIY traded down $2.90 during trading hours on Friday, hitting $46.75. The company had a trading volume of 456 shares, compared to its average volume of 1,972. SITC International has a 1 year low of $29.96 and a 1 year high of $49.65. The company has a 50-day moving average of $43.50 and a 200 day moving average of $41.92.
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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