Sinotrans Limited (OTCMKTS:SNOTF) Sees Large Drop in Short Interest

Sinotrans Limited (OTCMKTS:SNOTF – Get Free Report) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 13,224 shares, a drop of 94.5% from the August 15th total of 242,224 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Sinotrans Price Performance

Shares of Sinotrans stock remained flat at $0.65 on Thursday. Sinotrans has a 12-month low of $0.51 and a 12-month high of $0.65. The stock’s 50 day moving average price is $0.65 and its two-hundred day moving average price is $0.65.

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Sinotrans Company Profile

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Sinotrans Limited provides integrated logistics services primarily in the People’s Republic of China. The company operates through three segments: Agency and Related Business, Professional Logistics, and E-commerce. It offers sea freight forwarding, such as space booking, arranging transportation, container delivery and loading, storage, port concentration and dispatch, customs declaration and inspection, distribution, and delivery; air freight forwarding, including pick-up and dispatch, warehousing, packaging, booking and handling, trunk air line freight forwarding, and trucking transit services; rail freight forwarding services; shipping agency services comprising port arrival and departure, documentation, ship supplies, and other ship related services at ports; and storage and yard services, such as storage, container consolidating and devanning, cargo loading and unloading, dispatching and distribution, etc.

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