Short Interest in Tianci International, Inc. (NASDAQ:CIIT) Declines By 80.3%

Tianci International, Inc. (NASDAQ:CIIT) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 12,922 shares, a drop of 80.3% from the July 30th total of 65,543 shares. Approximately 3.1% of the company’s stock are short sold. Based on an average daily trading volume, of 92,356 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wall Street Zen upgraded Tianci International to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tianci International in a report on Thursday, June 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tianci International currently has an average rating of “Sell”.

Tianci International Price Performance

Shares of CIIT stock traded down $0.26 during mid-day trading on Friday, hitting $3.04. 23,436 shares of the stock traded hands, compared to its average volume of 346,540. Tianci International has a 52-week low of $2.60 and a 52-week high of $86.80. The stock has a market cap of $2.95 million, a P/E ratio of -0.34 and a beta of 1.70. The stock’s fifty day moving average is $4.37 and its two-hundred day moving average is $14.44.

About Tianci International

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).