Tianci International, Inc. (NASDAQ:CIIT) Sees Significant Decline in Short Interest

Tianci International, Inc. (NASDAQ:CIIT) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 65,543 shares, a decline of 43.3% from the July 15th total of 115,521 shares. Based on an average trading volume of 146,490 shares, the short-interest ratio is presently 0.4 days. Approximately 15.6% of the shares of the company are sold short.

Tianci International Stock Down 4.5%

CIIT traded down $0.16 on Monday, hitting $3.48. 11,151 shares of the company traded hands, compared to its average volume of 342,871. The company has a 50 day moving average of $5.84 and a 200-day moving average of $16.94. The stock has a market capitalization of $3.36 million, a PE ratio of -0.39 and a beta of 1.70. Tianci International has a 12-month low of $2.60 and a 12-month high of $86.80.

Wall Street Analyst Weigh In

CIIT has been the topic of several research reports. Wall Street Zen raised Tianci International to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Tianci International in a report on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock 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).