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

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Tianci International in a research note on Thursday, June 18th. Wall Street Zen upgraded shares of Tianci International to a “hold” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Tianci International Trading Up 2.7%

NASDAQ:CIIT opened at $3.34 on Wednesday. The firm has a 50 day moving average of $4.47 and a 200-day moving average of $14.98. The stock has a market capitalization of $3.23 million, a P/E ratio of -0.37 and a beta of 1.70. Tianci International has a 1 year low of $2.60 and a 1 year high of $86.80.

Tianci International Company Profile

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).