Short Interest in Sinotrans Limited (OTCMKTS:SNOTF) Decreases By 84.9%

Sinotrans Limited (OTCMKTS:SNOTF) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 242,224 shares, a drop of 84.9% from the July 30th total of 1,604,224 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Sinotrans Stock Performance

Shares of SNOTF stock remained flat at $0.65 during trading hours on Thursday. Sinotrans has a 1-year low of $0.51 and a 1-year high of $0.65. The business has a 50-day simple moving average of $0.65 and a 200 day simple moving average of $0.65.

About Sinotrans

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.