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

Tianci International, Inc. (NASDAQ:CIIT) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 687,096 shares, an increase of 1,993.6% from the May 31st total of 32,819 shares. Approximately 43.7% of the shares of the stock are short sold. Based on an average trading volume of 10,939,609 shares, the days-to-cover ratio is presently 0.1 days.

Tianci International Stock Performance

Shares of NASDAQ:CIIT traded up $0.03 during midday trading on Thursday, hitting $0.72. The company’s stock had a trading volume of 20,535,324 shares, compared to its average volume of 21,474,804. The business’s 50 day simple moving average is $1.28 and its 200 day simple moving average is $2.28. The company has a market cap of $2.61 million, a P/E ratio of -0.80 and a beta of 0.75. Tianci International has a 12-month low of $0.38 and a 12-month high of $14.70.

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

Wall Street Analysts Forecast Growth

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

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).