Short Interest in SITC International Holdings Company Limited (OTCMKTS:SITIY) Expands By 127.1%

SITC International Holdings Company Limited (OTCMKTS:SITIY) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 243 shares, a growth of 127.1% from the January 15th total of 107 shares. Based on an average daily volume of 486 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 486 shares, the days-to-cover ratio is currently 0.5 days.

SITC International Stock Down 0.1%

Shares of SITIY opened at $39.96 on Friday. SITC International has a 1-year low of $19.86 and a 1-year high of $41.33. The firm’s 50 day simple moving average is $36.49 and its 200 day simple moving average is $36.76.

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.