SITC International Holdings Company Limited (OTCMKTS:SITIY) Sees Significant Growth in Short Interest

SITC International Holdings Company Limited (OTCMKTS:SITIY) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 2,705 shares, an increase of 61.5% from the February 12th total of 1,675 shares. Based on an average daily volume of 7,431 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 7,431 shares, the days-to-cover ratio is presently 0.4 days.

SITC International Stock Up 5.9%

Shares of OTCMKTS:SITIY opened at $43.11 on Friday. The business’s 50 day moving average is $38.42 and its 200 day moving average is $37.80. SITC International has a 12-month low of $21.80 and a 12-month high of $45.29.

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.