Short Interest in Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) Increases By 679.9%

Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 80,035 shares, a growth of 679.9% from the December 31st total of 10,262 shares. Based on an average trading volume of 89,495 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 89,495 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

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

Tian Ruixiang Trading Down 27.4%

Shares of TIRX traded down $0.12 during trading hours on Tuesday, reaching $0.32. 639,049 shares of the company traded hands, compared to its average volume of 118,211. Tian Ruixiang has a 12 month low of $0.32 and a 12 month high of $10.75. The company’s fifty day moving average price is $0.57 and its two-hundred day moving average price is $2.01.

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.