Tianci International, Inc. (NASDAQ:CIIT – Get Free Report) 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 short-interest ratio is presently 0.1 days. Approximately 3.1% of the company’s stock are short sold.
Tianci International Stock Performance
Shares of NASDAQ:CIIT opened at $3.34 on Wednesday. The company has a market cap of $3.23 million, a P/E ratio of -0.37 and a beta of 1.70. The stock’s 50-day moving average is $4.47 and its 200-day moving average is $14.98. Tianci International has a 52-week low of $2.60 and a 52-week high of $86.80.
Analyst Ratings Changes
A number of research analysts recently weighed in on CIIT shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Tianci International in a research note on Thursday, June 18th. Wall Street Zen upgraded Tianci International to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tianci International has a consensus rating of “Sell”.
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).
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