Tungray Technologies Inc. (NASDAQ:TRSG) Short Interest Up 435.0% in December

Posted by Faye Duncan on Jan 14th, 2025

Tungray Technologies Inc. (NASDAQ:TRSG – Get Free Report) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 10,700 shares, a growth of 435.0% from the December 15th total of 2,000 shares. Based on an average trading volume of 16,200 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the shares of the stock are sold short.

Tungray Technologies Price Performance

NASDAQ:TRSG traded up $0.04 during mid-day trading on Monday, hitting $2.07. 1,488 shares of the stock traded hands, compared to its average volume of 8,455. The business’s 50-day moving average price is $2.36 and its 200 day moving average price is $2.68. Tungray Technologies has a 12-month low of $1.93 and a 12-month high of $11.78.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tungray Technologies stock. PFG Investments LLC boosted its holdings in shares of Tungray Technologies Inc. (NASDAQ:TRSG – Free Report) by 94.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,000 shares of the company’s stock after buying an additional 33,000 shares during the period. PFG Investments LLC owned approximately 0.42% of Tungray Technologies worth $177,000 as of its most recent SEC filing.

Tungray Technologies Company Profile

(Get Free Report)

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.