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

Tungray Technologies Inc. (NASDAQ:TRSG) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 10,700 shares, a growth of 435.0% from the December 31st total of 2,000 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 16,200 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Tungray Technologies stock. PFG Investments LLC grew its holdings in Tungray Technologies Inc. (NASDAQ:TRSG) by 94.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,000 shares of the company’s stock after acquiring an additional 33,000 shares during the period. PFG Investments LLC owned about 0.42% of Tungray Technologies worth $177,000 as of its most recent filing with the Securities & Exchange Commission.

Tungray Technologies Stock Performance

Shares of TRSG traded up $0.03 during mid-day trading on Tuesday, reaching $2.12. The stock had a trading volume of 6,922 shares, compared to its average volume of 6,488. The business has a fifty day moving average of $2.31 and a 200 day moving average of $2.56. Tungray Technologies has a 12 month low of $1.91 and a 12 month high of $11.78.

About Tungray Technologies

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.