Tungray Technologies Inc. (NASDAQ:TRSG – Get Free Report) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 8,500 shares, a drop of 24.1% from the October 15th total of 11,200 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 14,100 shares, the days-to-cover ratio is presently 0.6 days.
Tungray Technologies Trading Down 5.7 %
Shares of TRSG stock traded down $0.13 on Friday, reaching $2.15. The company’s stock had a trading volume of 1,286 shares, compared to its average volume of 87,208. The stock’s fifty day simple moving average is $2.55 and its 200-day simple moving average is $3.40. Tungray Technologies has a 1 year low of $2.06 and a 1 year high of $11.78.
Hedge Funds Weigh In On Tungray Technologies
A hedge fund recently bought a new stake in Tungray Technologies stock. PFG Investments LLC bought a new position in shares of Tungray Technologies Inc. (NASDAQ:TRSG – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 35,000 shares of the company’s stock, valued at approximately $135,000. PFG Investments LLC owned approximately 0.22% of Tungray Technologies as of its most recent SEC filing.
Tungray Technologies Company Profile
Tungray Technologies Inc, through its subsidiaries, provides tooling and customized industrial manufacturing solutions in China and Singapore. It offers customized industrial test and tooling solutions; welding equipment manufacturing; and direct drive and linear direct current motors. The company also designs, develops, and manufactures non- standard equipment, such as automated assembly equipment, precision testing equipment, tooling fixtures, etc., as well as induction brazing and hardening equipment, and tooling fixtures; researches, develops, and sells intelligent robots and storage equipment; and installs industrial machinery and equipment, and mechanical engineering works.
Further Reading
- Five stocks we like better than Tungray Technologies
- What Are Trending Stocks? Trending Stocks Explained
- How Whitestone REIT is Transforming Sunbelt Retail Growth
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Top-Performing Non-Leveraged ETFs This Year
- What does consumer price index measure?
- Rivian’s Wild Ride: Is the Dip a Buying Opportunity?
Receive News & Ratings for Tungray Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tungray Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
