Short Interest in Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) Rises By 1,074.8%

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

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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.