Tianci International, Inc. (NASDAQ:CIIT) Sees Large Decrease in Short Interest

Tianci International, Inc. (NASDAQ:CIITGet Free Report) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 128,843 shares, a decrease of 81.2% from the June 15th total of 687,096 shares. Approximately 8.2% of the shares of the company are sold short. Based on an average daily volume of 32,647,795 shares, the short-interest ratio is currently 0.0 days.

Tianci International Stock Down 8.2%

CIIT stock traded down $0.04 on Friday, reaching $0.48. 233,174 shares of the company’s stock were exchanged, compared to its average volume of 18,739,596. The stock has a fifty day moving average of $1.06 and a 200-day moving average of $2.08. Tianci International has a twelve month low of $0.38 and a twelve month high of $8.96. The firm has a market cap of $1.74 million, a PE ratio of -0.53 and a beta of 1.41.

Tianci International (NASDAQ:CIITGet Free Report) last released its earnings results on Monday, June 22nd. The company reported $0.01 EPS for the quarter. The company had revenue of $4.31 million during the quarter. Tianci International had a negative return on equity of 76.73% and a negative net margin of 14.73%.

Analysts Set New Price Targets

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

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Tianci International Company Profile

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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).

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