Short Interest Coverage: What Will Happen to SITESTAR CORPORATION (OTCMKTS:SYTE) Next? The Stock Has Decline in Shorts

November 17, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Coverage: What Will Happen to SITESTAR CORPORATION (OTCMKTS:SYTE) Next? The Stock Has Decline in Shorts

The stock of SITESTAR CORPORATION (OTCMKTS:SYTE) registered a decrease of 45.65% in short interest. SYTE’s total short interest was 5,000 shares in November as published by FINRA. Its down 45.65% from 9,200 shares, reported previously. With 12,800 shares average volume, it will take short sellers 0 days to cover their SYTE’s short positions. The stock closed at $0.08 during the last session. It is down 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.

Sitestar Corporation, formerly Interfoods Consolidated, Inc., is an Internet service well-known provider . The company has a market cap of $15.22 million. The Firm operates through three divisions: Internet, Real estate and Corporate. It currently has negative earnings. The Company’s Internet segment provides Internet access to clients throughout the United States and Canada.

SYTE Company Profile

Sitestar Corporation, formerly Interfoods Consolidated, Inc., incorporated on December 17, 1992, is an Internet service well-known provider (ISP). The Firm operates through three divisions: Internet, Real estate and Corporate. The Company’s Internet segment provides Internet access to clients throughout the United States and Canada. The Company’s Real estate segment invests in, refurbishes and markets real estate for resale. The Corporate group is the holding firm that oversees the operating of the Internet group and arranges financing. The Company’s subsidiaries include Sitestar.net, Inc., FRE Enterprises, Inc., Advanced Internet Services, Inc. and NetRover Inc.

More notable recent Sitestar Corporation (OTCMKTS:SYTE) news were published by: Marketwired.com which released: “Sitestar Completes a Private Placement of Common Stock” on August 11, 2016, also Marketwired.com with their article: “Sitestar Announces a Settlement With the Jeffrey Moore Shareholder Group” published on February 11, 2015, Marketwired.com published: “Sitestar Announces the Creation of HVAC Value Fund LLC and Comments on Its 10 …” on June 14, 2016. More interesting news about Sitestar Corporation (OTCMKTS:SYTE) were released by: Marketwired.com and their article: “Sitestar to Make a Seed Investment in Alluvial Fund, LP” published on September 19, 2016 as well as Marketwired.com‘s news article titled: “Sitestar Announces the Appointment of Jeffrey Moore as Chairman, the …” with publication date: February 23, 2016.

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