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

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

Tianci International Stock Down 67.1%

Tianci International stock traded down $0.99 during mid-day trading on Tuesday, hitting $0.49. The company’s stock had a trading volume of 7,084,371 shares, compared to its average volume of 1,575,179. The stock has a market capitalization of $1.76 million, a P/E ratio of -0.37 and a beta of 0.76. Tianci International has a twelve month low of $0.38 and a twelve month high of $18.01. The stock’s fifty day moving average price is $1.43 and its two-hundred day moving average price is $2.42.

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).