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

SITC International Holdings Company Limited (OTCMKTS:SITIY) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,257 shares, a growth of 48.4% from the July 30th total of 847 shares. Based on an average daily volume of 647 shares, the days-to-cover ratio is currently 1.9 days.

SITC International Stock Up 6.1%

OTCMKTS:SITIY opened at $64.00 on Tuesday. The company has a 50 day moving average price of $48.77 and a 200-day moving average price of $45.31. SITC International has a 1-year low of $32.19 and a 1-year high of $64.00.

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.