Tianci International saw short interest drop 78% over the past month to just 0.82% of float, while cost to borrow remains extreme at 287%. The stock fell 15% this week to close at $1.48.
CIIT closed at $1.48 on April 24, up 2.1% on the day. The week was brutal — shares dropped 15%. Over the past month the stock declined 10%. The marine transportation micro-cap trades without options listed.
Short interest collapsed to 135,257 shares as of April 23. That represents 0.82% of the free float. A month ago the number sat at 620,163 shares. The decline accelerated over the past week alone, with shares short falling 29% from the April 17 reading of 276,495.
The trajectory reversed sharply mid-month. On April 15, short interest spiked to 233,091 shares after sitting near 17,000 for the prior week. The surge proved short-lived. Within days, short sellers began covering aggressively.
Cost to borrow tells a different story. CTB sits at 287% APR, down from a spike to 354% on April 20 but still more than double the 125% reading from April 15. A month ago the borrow rate was 150%. The elevated cost reflects tight supply of lendable shares despite the low absolute short interest.
Utilisation reached 88% on April 23. That figure hit the 52-week high of 100% on April 20. For most of early April, utilisation hovered in the mid-teens to low-20s. The March 17 reading was 93%, suggesting periodic squeezes when shares become scarce. By March 20 it had collapsed to under 10%.
FINRA reported official short interest of 394,959 shares as of the April 15 settlement date. Days to cover registered at 1.0. The official figure captures the brief spike visible in ORTEX estimates mid-month.
Enterprise value stands at $3.7 million as of year-end 2026. No other valuation multiples are available. The company's dividend score ranks in the 20th percentile. Short score ranks in the 2nd percentile — the stock sits among the least-shorted in its comparison universe. Sector score is 19th percentile. Days to cover ranks in the 80th percentile. Utilisation ranks in the 3rd percentile despite the recent spike.
Rqs Capital Limited dominates the holder base with 2,014,337 shares, representing 56% of the company. The position increased by 1,142,857 shares as of the November 5, 2025 filing. Zhigang Pei holds 303,444 shares (8.4%), unchanged from April 2025. Jane Street Group added 3,286 shares in Q4 2025, a new position. UBS Asset Management trimmed its stake by 404 shares to just 405 shares remaining.
Insider data is stale by 1,703 days. The most recent trade on record dates to August 26, 2021, when President/CEO Su Mei Chuah sold 1,793,000 shares at $0.29 for proceeds of $525,000. The 90-day net over that ancient period was a sale of the same amount.
Tianci International reports next earnings on June 9, 2026 at 8:00 PM UTC. The company announced results on March 12 and March 16 earlier this year. Watch whether the short interest continues to unwind or stabilizes at current negligible levels. The extreme cost to borrow creates an asymmetric risk for any new shorts entering at the current $1.48 price.
See the live data behind this article on ORTEX.
Open CIIT on ORTEX →ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
