Tianci International Stock Rockets, Faces Dilution Question as CIIT Float Remains Thin
Tianci International Inc. shares surged early Wednesday, with the Hong Kong logistics and minerals company ranking among the day’s wildest Nasdaq micro-caps. CIIT jumped to $3.08 by 10:56 a.m. EDT, soaring 156.67% from Tuesday’s $1.20 close. Trading hit more than 65.8 million shares, with prices running between $2.60 and $4.65. The rally was not tied to earnings—it came as a low-float name running into a pending share-and-warrant deal. Tianci stock started jumping before the market opened. Benzinga named it one of Wednesday’s premarket movers in the industrials group after the shares shot up 149.2% to $2.99. Later in the morning, Finviz showed CIIT still up 149.09% at about 10:40 a.m. ET. According to Finviz, the stock’s rally looked like a low-float momentum swing with no obvious reason driving the buying. The term “float” means the shares ready for public trading—when that pool is small, prices can jump sharply if enough buyers show up.
