SITC International Holdings Company Limited (OTCMKTS:SITIY) Sees Significant Growth in Short Interest

SITC International Holdings Company Limited (OTCMKTS:SITIY) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 500 shares, an increase of 400.0% from the November 30th total of 100 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 0.7 days.

SITC International Stock Down 6.3 %

SITIY stock traded down $4.21 during trading on Thursday, reaching $23.90. The company had a trading volume of 207 shares, compared to its average volume of 1,298. SITC International has a twelve month low of $14.00 and a twelve month high of $31.97. The firm has a 50-day simple moving average of $26.83 and a 200-day simple moving average of $25.27.

SITC International Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.5148 per share. The ex-dividend date was Wednesday, November 6th.

SITC International Company Profile

SITC International Holdings Company Limited, a shipping logistics company, engages in the provision of integrated transportation and logistics solutions in Mainland China, Hong Kong, Taiwan, Japan, Southeast Asia, and internationally. It operates through two segments: Container Shipping and Logistics; and Dry Bulk and Others.