Short Interest in Tianci International, Inc. (NASDAQ:CIIT) Rises By 1,993.6%

Tianci International, Inc. (NASDAQ:CIIT) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 687,096 shares, a growth of 1,993.6% from the May 31st total of 32,819 shares. Currently, 43.7% of the company’s shares are sold short. Based on an average daily trading volume, of 10,939,609 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Tianci International in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Tianci International Price Performance

CIIT opened at $0.72 on Friday. The firm has a 50 day simple moving average of $1.28 and a 200 day simple moving average of $2.28. Tianci International has a fifty-two week low of $0.38 and a fifty-two week high of $14.18. The company has a market cap of $2.59 million, a price-to-earnings ratio of -0.79 and a beta of 0.75.

Tianci International (NASDAQ:CIIT) last announced its quarterly earnings data on Monday, June 22nd. The company reported $0.01 earnings per share (EPS) for the quarter. Tianci International had a negative net margin of 14.73% and a negative return on equity of 76.73%. The firm had revenue of $4.31 million for the quarter.

Tianci International Company Profile

The Company’s primary line of business is global logistics. The Company through its subsidiary, Roshing, provides global logistics services, encompassing booking and the transportation arrangement and related logistics solutions. Roshing’s customized logistics solutions are tailored to meet the diverse needs of its customers. As a logistics shipping operator, Roshing focuses on ocean freight forwarding services, including container shipping and bulk goods shipping service. For the container shipping service, Roshing charters cargo space from shipping suppliers (such as shipowners, ship carrier or non-vessel operating common carriers) and then sub-charters that cargo space to its customers (cargo owners or cargo agents).