CTI Industries Corp. (NASDAQ:CTIB) saw a significant decline in short interest in June. As of June 30th, there was short interest totalling 14,800 shares, a decline of 34.8% from the May 30th total of 22,700 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is currently 5.3 days.
CTI Industries stock traded up $0.19 on Friday, reaching $3.32. The company’s stock had a trading volume of 436 shares, compared to its average volume of 1,889. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.40 and a current ratio of 1.05. The company’s fifty day moving average is $3.08. CTI Industries has a twelve month low of $2.65 and a twelve month high of $4.42.
CTI Industries (NASDAQ:CTIB) last posted its quarterly earnings data on Monday, May 20th. The industrial products company reported ($0.24) EPS for the quarter. The business had revenue of $12.54 million during the quarter. CTI Industries had a negative return on equity of 49.98% and a negative net margin of 7.39%.
CTI Industries Corporation develops, produces, and distributes consumer and film products for commercial and industrial uses in the United States, the United Kingdom, Europe, and Mexico. The company offers novelty products, including foil balloons; latex balloons under the Partyloons name; balloon products, which include punch balls, water bombs, and Animal Twisties; and other inflatable toy items.
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