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

Tianci International, Inc. (NASDAQ:CIIT) saw a large decline in short interest in 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. Currently, 15.6% of the shares of the company are short sold. Based on an average daily trading volume, of 146,490 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

CIIT has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Tianci International to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reiterated 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 MarketBeat.com, Tianci International presently has an average rating of “Sell”.

Tianci International Price Performance

Shares of CIIT stock traded down $0.16 during midday trading on Monday, reaching $3.48. 11,151 shares of the company traded hands, compared to its average volume of 342,871. The firm’s 50 day simple moving average is $5.84 and its two-hundred day simple moving average is $16.94. Tianci International has a 1-year low of $2.60 and a 1-year high of $86.80. The firm has a market cap of $3.36 million, a PE ratio of -0.39 and a beta of 1.70.

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).