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

Tianci International, Inc. (NASDAQ:CIIT – Get Free Report) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 128,843 shares, a decline of 81.2% from the June 15th total of 687,096 shares. Currently, 8.2% of the shares of the stock are short sold. Based on an average trading volume of 32,647,795 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tianci International in a research note on Thursday, June 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Get Tianci International alerts:

Get Our Latest Research Report on CIIT

Tianci International Trading Down 8.2%

Shares of NASDAQ:CIIT traded down $0.04 during midday trading on Friday, hitting $0.48. 233,174 shares of the stock were exchanged, compared to its average volume of 18,739,596. The stock has a market cap of $1.74 million, a P/E ratio of -0.53 and a beta of 1.41. Tianci International has a twelve month low of $0.38 and a twelve month high of $8.96. The company has a 50 day moving average price of $1.06 and a 200-day moving average price of $2.08.

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

Tianci International Company Profile

(Get Free Report)

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).

See Also

• Five stocks we like better than Tianci International
• Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs
• Power Struggle: Wolfspeed Sues Navitas Over AI Chips
• Why WD-40 Is Proving Great Businesses Never Go Out of Style
• Pushing the Edge: Super Micro Computer Reboots the AI Landscape

Receive News & Ratings for Tianci International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tianci International and related companies with MarketBeat.com's FREE daily email newsletter.