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

Tungray Technologies Inc. (NASDAQ:TRSG) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 1,700 shares, a decline of 48.5% from the February 13th total of 3,300 shares. Based on an average daily volume of 9,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Tungray Technologies Stock Down 4.9 %

Shares of NASDAQ TRSG opened at $1.66 on Friday. The business has a 50-day moving average of $1.98 and a 200-day moving average of $2.34. Tungray Technologies has a 1-year low of $1.56 and a 1-year high of $11.78.

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.