Tianci International, Inc. (NASDAQ:CIIT) Sees Large Growth in Short Interest
by Sarita Garza · The Markets DailyTianci International, Inc. (NASDAQ:CIIT – Get Free Report) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 687,096 shares, a growth of 1,993.6% from the May 31st total of 32,819 shares. Approximately 43.7% of the shares of the stock are sold short. Based on an average daily volume of 10,939,609 shares, the days-to-cover ratio is presently 0.1 days.
Tianci International Trading Up 4.1%
NASDAQ:CIIT traded up $0.03 during trading hours on Thursday, reaching $0.72. 20,535,324 shares of the company were exchanged, compared to its average volume of 21,474,804. The stock’s 50-day moving average is $1.28 and its 200-day moving average is $2.28. The firm has a market cap of $2.61 million, a PE ratio of -0.80 and a beta of 0.75. Tianci International has a twelve month low of $0.38 and a twelve month high of $14.70.
Tianci International (NASDAQ:CIIT – Get Free Report) last posted its quarterly earnings data on Monday, June 22nd. The company reported $0.01 earnings per share (EPS) for the quarter. Tianci International had a negative net margin of 14.73% and a negative return on equity of 76.73%. The business had revenue of $4.31 million for the quarter.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Tianci International in a report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.
Check Out Our Latest Analysis on Tianci International
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).