Tungray Technologies Inc. (NASDAQ:TRSG – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 30,900 shares, an increase of 51.5% from the July 15th total of 20,400 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 43,300 shares, the short-interest ratio is currently 0.7 days.
Hedge Funds Weigh In On Tungray Technologies
An institutional investor recently bought a new position in Tungray Technologies stock. PFG Investments LLC bought a new stake in shares of Tungray Technologies Inc. (NASDAQ:TRSG – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,000 shares of the company’s stock, valued at approximately $135,000. PFG Investments LLC owned approximately 0.22% of Tungray Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).
Tungray Technologies Trading Up 5.2 %
TRSG stock opened at $2.83 on Wednesday. Tungray Technologies has a 1 year low of $2.60 and a 1 year high of $11.78. The business has a fifty day moving average price of $3.46.
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.
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