Short Interest in SITC International Holdings Company Limited (OTCMKTS:SITIY) Grows By 589.3%

SITC International Holdings Company Limited (OTCMKTS:SITIY) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 1,675 shares, an increase of 589.3% from the January 29th total of 243 shares. Based on an average daily volume of 17,620 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 17,620 shares, the days-to-cover ratio is currently 0.1 days.

SITC International Stock Up 1.2%

SITIY stock traded up $0.50 during midday trading on Wednesday, hitting $43.11. The company’s stock had a trading volume of 323 shares, compared to its average volume of 4,674. The company’s fifty day moving average price is $37.24 and its 200 day moving average price is $37.24. SITC International has a twelve month low of $21.80 and a twelve month high of $43.11.

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.