Short Interest in SITC International Holdings Company Limited (OTCMKTS:SITIY) Rises By 70.8%

SITC International Holdings Company Limited (OTCMKTS:SITIY) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,604 shares, a growth 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 presently 0.5 days.

SITC International Stock Performance

Shares of SITC International stock opened at $43.88 on Monday. SITC International has a 12 month low of $28.62 and a 12 month high of $46.93. The stock’s fifty day moving average price is $44.24 and its 200-day moving average price is $40.49.

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.