CTI Industries Corp. (NASDAQ:CTIB) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 14,800 shares, a drop of 34.8% from the May 30th total of 22,700 shares. Based on an average trading volume of 2,800 shares, the short-interest ratio is currently 5.3 days. Approximately 0.8% of the shares of the company are sold short.

CTIB traded down $0.08 during trading on Thursday, hitting $3.13. The company’s stock had a trading volume of 169 shares, compared to its average volume of 5,762. The company has a current ratio of 1.05, a quick ratio of 0.40 and a debt-to-equity ratio of 0.47. CTI Industries has a one year low of $2.65 and a one year high of $4.42. The stock has a 50 day moving average price of $3.07.

CTI Industries (NASDAQ:CTIB) last announced its quarterly earnings data 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 net margin of 7.39% and a negative return on equity of 49.98%.

CTI Industries Company Profile

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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