Tianci International, Inc. (NASDAQ:CIIT) Short Interest Down 81.2% in June
by Sarita Garza · The Markets DailyTianci International, Inc. (NASDAQ:CIIT – Get Free Report) was the target of a large decline in short interest in the month of 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. Based on an average daily trading volume, of 32,647,795 shares, the short-interest ratio is currently 0.0 days. Currently, 8.2% of the shares of the company are sold short.
Tianci International Price Performance
NASDAQ:CIIT traded down $0.06 during midday trading on Monday, reaching $0.42. 377,177 shares of the company traded hands, compared to its average volume of 3,868,444. The firm has a market capitalization of $1.50 million, a price-to-earnings ratio of -0.46 and a beta of 1.41. The company has a fifty day moving average price of $1.04 and a 200 day moving average price of $2.06. Tianci International has a twelve month low of $0.38 and a twelve month high of $8.96.
Tianci International (NASDAQ:CIIT – Get Free Report) last issued its earnings results on Monday, June 22nd. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $4.31 million for the quarter. Tianci International had a negative return on equity of 76.73% and a negative net margin of 14.73%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated 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 MarketBeat, Tianci International currently has an average rating of “Sell”.
Get Our Latest Research Report 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).