Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) Short Interest Down 50.5% in March

Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 4,800 shares, a decline of 50.5% from the February 29th total of 9,700 shares. Based on an average daily volume of 257,200 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.2% of the company’s stock are short sold.

Tian Ruixiang Stock Down 1.3 %

Shares of TIRX stock traded down $0.01 during mid-day trading on Thursday, hitting $0.45. The company’s stock had a trading volume of 2,305 shares, compared to its average volume of 243,809. Tian Ruixiang has a 52-week low of $0.40 and a 52-week high of $7.88. The business has a 50-day moving average price of $0.56 and a 200 day moving average price of $0.74.

Institutional Trading of Tian Ruixiang

A hedge fund recently raised its stake in Tian Ruixiang stock. Renaissance Technologies LLC increased its position in Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) by 37.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,400 shares of the company’s stock after acquiring an additional 25,900 shares during the period. Renaissance Technologies LLC owned about 0.84% of Tian Ruixiang worth $69,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 10.66% of the company’s stock.

About Tian Ruixiang

Tian Ruixiang Holdings Ltd, together its subsidiaries, operates as an insurance broker in China and the United States. It distributes a range of insurance products, including property and casualty insurance, such as automobile, commercial property, liability, and accidental insurance; and life insurance comprising individual and group life insurances, as well as health and miscellaneous insurance.