SITO Mobile Ltd (STTO)

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Sito Mobile Limited (NASDAQ:SITO) Shorts Decreased by 8.45% After Short Covering

DECEMBER 4, 2015 BY DANNY HAMILTON IN SHORT SELLING

The stock of Sito Mobile Limited (NASDAQ:SITO) registered a decrease of 8.45% in short interest. SITO’s total short interest was 165,800 shares in December as published by FINRA. Its down 8.45% from 181,100 shares, reported previously. With 15,700 shares average volume, it will take short sellers 11 days to cover their SITO’s short positions. The stock increased 3.54% or $0.09 on December 4, hitting $2.63. About 2,046 shares traded hands. Sito Mobile Ltd (NASDAQ:SITO) has risen 719.35% since May 1, 2015 and is uptrending. It has outperformed by 722.14% the S&P500.