Tian Ruixiang Holdings Ltd (NASDAQ:TIRX – Get Rating) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 176,200 shares, an increase of 48.8% from the June 15th total of 118,400 shares. Based on an average daily volume of 171,900 shares, the days-to-cover ratio is presently 1.0 days. Currently, 2.4% of the company’s stock are short sold.
Hedge Funds Weigh In On Tian Ruixiang
An institutional investor recently raised its position in Tian Ruixiang stock. Renaissance Technologies LLC raised its stake in shares of Tian Ruixiang Holdings Ltd (NASDAQ:TIRX – Get Rating) by 44.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,500 shares of the company’s stock after acquiring an additional 21,500 shares during the period. Renaissance Technologies LLC owned about 0.61% of Tian Ruixiang worth $72,000 as of its most recent SEC filing. Institutional investors own 1.22% of the company’s stock.
Tian Ruixiang Stock Performance
Shares of NASDAQ:TIRX opened at $0.75 on Monday. The stock’s fifty day simple moving average is $0.74 and its two-hundred day simple moving average is $1.02. Tian Ruixiang has a 1-year low of $0.61 and a 1-year high of $6.30.
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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