SITC International Holdings Company Limited (OTCMKTS:SITIY) Sees Large Increase in Short Interest

SITC International Holdings Company Limited (OTCMKTS:SITIY) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 847 shares, a growth of 1,000.0% from the July 15th total of 77 shares. Based on an average daily trading volume, of 1,637 shares, the short-interest ratio is currently 0.5 days.

SITC International Price Performance

OTCMKTS SITIY remained flat at $50.77 during trading on Thursday. 445 shares of the company’s stock were exchanged, compared to its average volume of 1,925. The stock has a fifty day simple moving average of $44.93 and a 200-day simple moving average of $43.50. SITC International has a 1 year low of $32.19 and a 1 year high of $51.55.

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.