Short Interest in Tianci International, Inc. (NASDAQ:CIIT) Drops By 80.3%

Tianci International, Inc. (NASDAQ:CIIT) saw a significant decline in short interest in 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. Approximately 3.1% of the shares of the company are sold short. Based on an average daily trading volume, of 92,356 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of research firms have commented on CIIT. 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 report on Saturday, August 8th. One 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”.

Tianci International Price Performance

NASDAQ CIIT traded down $0.01 on Thursday, hitting $3.30. 53,552 shares of the company’s stock were exchanged, compared to its average volume of 250,710. The firm has a market cap of $3.20 million, a price-to-earnings ratio of -0.37 and a beta of 1.70. The firm’s 50-day moving average price is $4.37 and its two-hundred day moving average price is $14.44. 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).