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

Tungray Technologies Inc. (NASDAQ:TRSG) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 8,500 shares, a decline of 24.1% from the October 15th total of 11,200 shares. Based on an average daily volume of 14,100 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are sold short.

Tungray Technologies Stock Performance

NASDAQ TRSG opened at $2.15 on Friday. The stock’s 50-day simple moving average is $2.54 and its two-hundred day simple moving average is $3.34. Tungray Technologies has a twelve month low of $2.06 and a twelve month high of $11.78.

Hedge Funds Weigh In On Tungray Technologies

A hedge fund recently raised its stake in Tungray Technologies stock. PFG Investments LLC increased its holdings in Tungray Technologies Inc. (NASDAQ:TRSG) by 94.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,000 shares of the company’s stock after acquiring an additional 33,000 shares during the quarter. PFG Investments LLC owned about 0.42% of Tungray Technologies worth $177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.