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

Tianci International, Inc. (NASDAQ:CIIT) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 65,543 shares, a drop of 43.3% from the July 15th total of 115,521 shares. Based on an average daily trading volume, of 146,490 shares, the days-to-cover ratio is currently 0.4 days. Currently, 15.6% of the company’s shares are short sold.

Tianci International Stock Down 1.7%

Shares of Tianci International stock opened at $3.48 on Wednesday. Tianci International has a 12-month low of $2.60 and a 12-month high of $86.80. The stock has a market capitalization of $3.38 million, a P/E ratio of -0.39 and a beta of 1.71. The company has a 50-day simple moving average of $5.51 and a 200 day simple moving average of $16.36.

Wall Street Analyst Weigh In

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