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

SITC International Holdings Company Limited (OTCMKTS:SITIY) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,604 shares, an increase of 70.8% from the May 14th total of 939 shares. Based on an average daily trading volume, of 3,296 shares, the short-interest ratio is presently 0.5 days.

SITC International Price Performance

OTCMKTS SITIY opened at $43.88 on Tuesday. The company has a fifty day simple moving average of $44.23 and a 200 day simple moving average of $40.56. 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.