Short Interest in Tianci International, Inc. (NASDAQ:CIIT) Declines By 43.3%

Tianci International, Inc. (NASDAQ:CIIT) was the recipient of a large decline in short interest in 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. Approximately 15.6% of the shares of the company are sold short. Based on an average trading volume of 146,490 shares, the short-interest ratio is currently 0.4 days.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CIIT shares. Wall Street Zen raised shares of Tianci International to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tianci International in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Tianci International Price Performance

Shares of Tianci International stock traded down $0.07 during trading on Tuesday, hitting $3.43. The stock had a trading volume of 28,426 shares, compared to its average volume of 340,976. The firm has a market cap of $3.33 million, a P/E ratio of -0.38 and a beta of 1.71. The business has a fifty day moving average of $5.68 and a two-hundred day moving average of $16.66. Tianci International has a fifty-two week low of $2.60 and a fifty-two week high of $86.80.

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).