Short Interest in SITC International Holdings Company Limited (OTCMKTS:SITIY) Expands By 48.4%

SITC International Holdings Company Limited (OTCMKTS:SITIY) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,257 shares, an increase of 48.4% from the July 30th total of 847 shares. Based on an average daily trading volume, of 647 shares, the short-interest ratio is currently 1.9 days.

SITC International Stock Performance

Shares of SITIY stock opened at $64.00 on Wednesday. The company has a fifty day moving average price of $49.29 and a two-hundred day moving average price of $45.47. SITC International has a one year low of $32.19 and a one year high of $64.00.

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.