CTI Industries Corp. (NASDAQ:CTIB) Short Interest Down 27.2% in September

CTI Industries Corp. (NASDAQ:CTIB) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 9,100 shares, a decline of 27.2% from the September 15th total of 12,500 shares. Based on an average trading volume of 244,200 shares, the short-interest ratio is currently 0.0 days. Currently, 0.4% of the shares of the stock are short sold.

CTI Industries stock traded up $0.01 during midday trading on Friday, reaching $1.68. The company’s stock had a trading volume of 215,397 shares, compared to its average volume of 732,756. CTI Industries has a 52 week low of $0.40 and a 52 week high of $8.37. The company has a debt-to-equity ratio of 6.14, a quick ratio of 0.57 and a current ratio of 1.16. The business has a 50-day moving average price of $1.48 and a 200-day moving average price of $1.78.

CTI Industries (NASDAQ:CTIB) last released its earnings results on Wednesday, August 19th. The industrial products company reported ($0.27) earnings per share (EPS) for the quarter. CTI Industries had a negative net margin of 19.89% and a negative return on equity of 605.09%. The business had revenue of $5.75 million during the quarter.

About CTI Industries

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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