Tungray Technologies Inc. (NASDAQ:TRSG) Sees Significant Drop in Short Interest

Tungray Technologies Inc. (NASDAQ:TRSG) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 2,000 shares, a decrease of 77.0% from the November 30th total of 8,700 shares. Based on an average trading volume of 13,400 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of Tungray Technologies

A hedge fund recently bought a new stake in Tungray Technologies stock. PFG Investments LLC bought a new position in shares of Tungray Technologies Inc. (NASDAQ:TRSG) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 35,000 shares of the company’s stock, valued at approximately $135,000. PFG Investments LLC owned 0.22% of Tungray Technologies at the end of the most recent quarter.

Tungray Technologies Trading Up 12.8 %

TRSG stock traded up $0.29 during midday trading on Thursday, reaching $2.55. 43,436 shares of the stock were exchanged, compared to its average volume of 76,255. Tungray Technologies has a 52 week low of $2.06 and a 52 week high of $11.78. The company has a fifty day moving average price of $2.45 and a 200 day moving average price of $2.84.

Tungray Technologies Company Profile

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.