Tianci International, Inc. (NASDAQ:CIIT) Short Interest Update

Tianci International, Inc. (NASDAQ:CIIT) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 32,819 shares, a decline of 44.2% from the May 14th total of 58,865 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily volume of 13,864 shares, the short-interest ratio is presently 2.4 days.

Tianci International Price Performance

Shares of CIIT traded up $0.18 during mid-day trading on Friday, hitting $1.76. The company’s stock had a trading volume of 29,375,541 shares, compared to its average volume of 4,159,047. The firm has a 50-day moving average price of $1.43 and a 200 day moving average price of $2.43. The stock has a market capitalization of $6.37 million, a price-to-earnings ratio of -1.32 and a beta of 0.75. Tianci International has a fifty-two week low of $1.03 and a fifty-two week high of $18.01.

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).