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High-Trend International (HTCO) stock surged over threefold on Monday, scoring its highest single-day jump on record as investors cheered the shipping company’s plans to expand operations to include lithium-related shipments.
HTCO surged 237% to a near one-year high on heavy trading volume Monday, as investors cheered the company’s strengthening business outlook amid steady growth in the dry bulk shipping sector and rising sea freight rates.
The global dry bulk shipping market size was valued at $144.86 billion in 2025. The market is projected to grow from $181.57 billion in 2026 to $352.80 billion by 2034, according to data from Fortune Business Insights.
The Baltic Dry Index (BDI), a benchmark for the price of moving major raw materials by sea, jumped 34% so far in April alone, according to data from Trading Economics.
"The current sustained rise of the BDI has created an extremely favorable industry environment for the Company's earnings growth. With a core focus on the dry bulk shipping business, HTCO specializes in the transportation of bulk commodities, with shipping routes covering key Asia-Pacific corridors including Australia-Asia, Indonesia-Southeast Asia and Vietnam, West Africa,” Shixuan He, CEO of HTCO, stated earlier in March.
In 2026, the number of voyages for lithium resources transportation doubled year-on-year compared with 2025, generating an outstanding margin that significantly outperforms traditional cargo types. This segment has rapidly grown into one of the HTCO’s core high-margin businesses, the company said in a statement.
Alternatively, Class A stockholders are scheduled to vote on May 7 on a proposal to increase Class B voting rights from 20 to 100 votes per share. Furthermore, an extraordinary general meeting has been convened to evaluate a potential expansion of authorized share capital, targeting a new limit of $5.28 million
Retail sentiment on Stocktwits was ‘extremely bullish’ with ‘extremely high’ message volumes.
One user highlighted interest in the stock by saying, “That (HTCO) chart slowly pulls you in the more you watch it.”
The stock has soared 353% year-to-date.