Tungray Technologies Inc. (NASDAQ:TRSG) Short Interest Update

Tungray Technologies Inc. (NASDAQ:TRSG) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 10,700 shares, an increase of 435.0% from the December 15th total of 2,000 shares. Based on an average daily volume of 16,200 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On Tungray Technologies

A hedge fund recently raised its stake in Tungray Technologies stock. PFG Investments LLC increased its position 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 approximately 0.42% of Tungray Technologies worth $177,000 at the end of the most recent quarter.

Tungray Technologies Stock Performance

NASDAQ:TRSG traded down $0.08 during midday trading on Wednesday, hitting $1.97. 4,302 shares of the company traded hands, compared to its average volume of 7,078. The firm’s fifty day moving average is $2.35 and its 200-day moving average is $2.66. Tungray Technologies has a 12-month low of $1.93 and a 12-month high of $11.78.

About Tungray Technologies

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.