SITC International Holdings Company Limited (OTCMKTS:SITIY – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 195 shares, a drop of 87.8% from the May 31st total of 1,604 shares. Based on an average daily volume of 1,533 shares, the days-to-cover ratio is presently 0.1 days.
SITC International Trading Down 2.4%
Shares of SITIY traded down $1.02 during midday trading on Friday, hitting $40.73. 201 shares of the company traded hands, compared to its average volume of 2,132. SITC International has a one year low of $28.62 and a one year high of $46.93. The stock has a 50-day moving average of $43.62 and a 200-day moving average of $40.98.
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.
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