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

Tianci International, Inc. (NASDAQ:CIIT – Get Free Report) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 32,819 shares, a decline of 44.2% from the May 14th total of 58,865 shares. Based on an average daily trading volume, of 13,864 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.1% of the shares of the stock are short sold.

Tianci International Stock Performance

Shares of CIIT stock traded up $0.18 during midday trading on Friday, reaching $1.76. 29,375,541 shares of the company were exchanged, compared to its average volume of 4,159,047. Tianci International has a 12 month low of $1.03 and a 12 month high of $18.01. The company has a market cap of $6.37 million, a P/E ratio of -1.32 and a beta of 0.75. The company’s 50 day moving average price is $1.43 and its two-hundred day moving average price is $2.43.

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Tianci International Company Profile

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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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