CTI Industries Corp. (NASDAQ:CTIB) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 22,700 shares, an increase of 8.1% from the May 15th total of 21,000 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is presently 5.5 days. Currently, 1.2% of the company’s stock are short sold.
CTIB remained flat at $$2.95 during trading on Friday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 1,001. The stock has a fifty day simple moving average of $3.10. CTI Industries has a 52 week low of $2.65 and a 52 week high of $4.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.40 and a current ratio of 1.05.
CTI Industries (NASDAQ:CTIB) last posted its earnings results on Monday, May 20th. The industrial products company reported ($0.24) EPS for the quarter. The firm had revenue of $12.54 million for 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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