Tian Ruixiang Holdings Ltd (NASDAQ:TIRX – Get Rating) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 125,700 shares, an increase of 1,074.8% from the April 30th total of 10,700 shares. Based on an average daily trading volume, of 1,060,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 5.3% of the company’s stock are short sold.
Tian Ruixiang Stock Up 7.5 %
TIRX stock traded up $0.12 during midday trading on Friday, reaching $1.72. The company had a trading volume of 18,824 shares, compared to its average volume of 720,572. Tian Ruixiang has a 1 year low of $1.00 and a 1 year high of $7.88. The company has a 50 day moving average of $1.46 and a two-hundred day moving average of $1.87.
Institutional Investors Weigh In On Tian Ruixiang
An institutional investor recently raised its position in Tian Ruixiang stock. Renaissance Technologies LLC boosted its stake in Tian Ruixiang Holdings Ltd (NASDAQ:TIRX – Get Rating) by 44.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,500 shares of the company’s stock after buying an additional 21,500 shares during the quarter. Renaissance Technologies LLC owned approximately 0.61% of Tian Ruixiang worth $72,000 at the end of the most recent quarter. 6.87% of the stock is owned by hedge funds and other institutional investors.
Tian Ruixiang Company Profile
Tian Ruixiang Holdings Ltd, together its subsidiaries, operates as an insurance broker in China and the United States. The company distributes a range of insurance products, including property and casualty insurance, such as automobile insurance, commercial property insurance, liability insurance, and accidental insurance; and life insurance comprising individual and group life insurances.
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