Short Interest in Tianci International, Inc. (NASDAQ:CIIT) Drops By 81.2%

Tianci International, Inc. (NASDAQ:CIIT) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 128,843 shares, a drop of 81.2% from the June 15th total of 687,096 shares. Approximately 8.2% of the shares of the company are short sold. Based on an average trading volume of 32,647,795 shares, the days-to-cover ratio is presently 0.0 days.

Tianci International Stock Performance

CIIT stock traded down $0.04 during mid-day trading on Friday, hitting $0.48. The company had a trading volume of 233,174 shares, compared to its average volume of 17,276,932. The firm has a market cap of $1.74 million, a PE ratio of -0.53 and a beta of 1.41. Tianci International has a 12 month low of $0.38 and a 12 month high of $8.96. The stock’s fifty day moving average price is $1.06 and its two-hundred day moving average price is $2.08.

Tianci International (NASDAQ:CIIT) last released its earnings results on Monday, June 22nd. The company reported $0.01 earnings per share 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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, According to MarketBeat.com, Tianci International currently has a consensus rating of “Sell”.

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).