SITC International Holdings Company Limited (OTCMKTS:SITIY) Short Interest Down 78.7% in July

SITC International Holdings Company Limited (OTCMKTS:SITIY) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 77 shares, a drop of 78.7% from the June 30th total of 362 shares. Based on an average daily volume of 865 shares, the short-interest ratio is presently 0.1 days.

SITC International Price Performance

Shares of OTCMKTS SITIY opened at $46.75 on Monday. The company’s fifty day moving average is $43.50 and its 200-day moving average is $41.99. SITC International has a twelve month low of $29.96 and a twelve month high of $49.65.

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.