SITC International Holdings Company Limited (OTCMKTS:SITIY) Short Interest Down 87.8% in June

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

SITC International Stock Down 2.8%

Shares of SITIY traded down $1.16 during mid-day 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 firm has a 50-day simple moving average of $43.54 and a 200 day simple moving average of $40.98. SITC International has a 1-year low of $28.62 and a 1-year 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.