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

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

Tianci International Price Performance

Shares of CIIT traded down $0.02 during mid-day trading on Monday, hitting $1.74. The company’s stock had a trading volume of 10,188,278 shares, compared to its average volume of 1,513,110. The firm has a 50-day moving average price of $1.43 and a 200 day moving average price of $2.43. The stock has a market capitalization of $6.30 million, a price-to-earnings ratio of -1.31 and a beta of 0.76. Tianci International has a fifty-two week low of $1.03 and a fifty-two week high of $18.01.

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).