Tungray Technologies Inc. (NASDAQ:TRSG) Short Interest Down 68.2% in January

Tungray Technologies Inc. (NASDAQ:TRSG) saw a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 4,100 shares, a decrease of 68.2% from the January 15th total of 12,900 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 12,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tungray Technologies stock. PFG Investments LLC increased its holdings in shares of Tungray Technologies Inc. (NASDAQ:TRSG) by 94.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,000 shares of the company’s stock after purchasing an additional 33,000 shares during the period. PFG Investments LLC owned 0.42% of Tungray Technologies worth $177,000 as of its most recent filing with the Securities and Exchange Commission.

Tungray Technologies Stock Performance

Shares of NASDAQ TRSG traded up $0.14 during midday trading on Wednesday, hitting $2.06. The stock had a trading volume of 2,193 shares, compared to its average volume of 4,961. Tungray Technologies has a 1-year low of $1.91 and a 1-year high of $11.78. The company has a fifty day moving average price of $2.20 and a 200 day moving average price of $2.47.

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.