Tungray Technologies Inc. (NASDAQ:TRSG) Sees Large Increase in Short Interest

Tungray Technologies Inc. (NASDAQ:TRSG) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 37,500 shares, a growth of 193.0% from the August 31st total of 12,800 shares. Based on an average daily trading volume, of 58,900 shares, the short-interest ratio is presently 0.6 days. Approximately 1.5% of the company’s shares are short sold. Approximately 1.5% of the company’s shares are short sold. Based on an average daily trading volume, of 58,900 shares, the short-interest ratio is presently 0.6 days.

Tungray Technologies Stock Down 2.7%

Shares of Tungray Technologies stock opened at $1.44 on Friday. The company has a fifty day moving average price of $1.62 and a 200 day moving average price of $1.68. Tungray Technologies has a twelve month low of $1.00 and a twelve month high of $3.70.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Tungray Technologies in a research note on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.