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

Tungray Technologies Inc. (NASDAQ:TRSG) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 10,200 shares, a growth of 70.0% from the September 15th total of 6,000 shares. Based on an average daily volume of 14,300 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the company’s shares are sold short.

Tungray Technologies Price Performance

Shares of Tungray Technologies stock traded up $0.03 during mid-day trading on Friday, hitting $2.54. The stock had a trading volume of 2,900 shares, compared to its average volume of 102,080. The firm’s 50-day simple moving average is $2.71. Tungray Technologies has a 12-month low of $2.06 and a 12-month high of $11.78.

Institutional Investors Weigh In On Tungray Technologies

A hedge fund recently bought a new stake in Tungray Technologies stock. PFG Investments LLC purchased a new stake in Tungray Technologies Inc. (NASDAQ:TRSG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,000 shares of the company’s stock, valued at approximately $135,000. PFG Investments LLC owned about 0.22% of Tungray Technologies as of its most recent SEC filing.

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.