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

Tianci International, Inc. (NASDAQ:CIIT) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 687,096 shares, a growth of 1,993.6% from the May 31st total of 32,819 shares. Currently, 43.7% of the shares of the stock are short sold. Based on an average daily volume of 10,939,609 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tianci International in a research report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tianci International has a consensus rating of “Sell”.

Tianci International Stock Down 2.1%

Shares of Tianci International stock traded down $0.01 on Friday, hitting $0.70. 1,837,169 shares of the company were exchanged, compared to its average volume of 22,512,524. The company has a 50-day moving average price of $1.26 and a 200 day moving average price of $2.27. The stock has a market capitalization of $2.55 million, a price-to-earnings ratio of -0.78 and a beta of 0.75. Tianci International has a 1-year low of $0.38 and a 1-year high of $14.18.

Tianci International (NASDAQ:CIIT) last posted its quarterly earnings results on Monday, June 22nd. The company reported $0.01 EPS for the quarter. Tianci International had a negative return on equity of 76.73% and a negative net margin of 14.73%.The firm had revenue of $4.31 million during the quarter.

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).