Short Interest in Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) Decreases By 74.1%

Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 10,262 shares, a decrease of 74.1% from the December 15th total of 39,681 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 163,127 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 163,127 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on shares of Tian Ruixiang in a research note on Friday, December 26th. They set a “sell (e-)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Tian Ruixiang Trading Up 11.0%

Shares of NASDAQ TIRX opened at $0.51 on Thursday. Tian Ruixiang has a twelve month low of $0.35 and a twelve month high of $10.75. The stock has a 50 day moving average of $0.63 and a two-hundred day moving average of $2.38.

About Tian Ruixiang

Tian Ruixiang Holdings Ltd, together its subsidiaries, operates as an insurance broker in China and the United States. It distributes a range of insurance products, including property and casualty insurance, such as automobile, commercial property, liability, and accidental insurance; and life insurance comprising individual and group life insurances, as well as health and miscellaneous insurance. It serves individual or institutional customers. The company was founded in 2010 and is headquartered in Beijing, China.