Tungray Technologies Inc. (NASDAQ:TRSG – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 6,000 shares, a drop of 30.2% from the August 31st total of 8,600 shares. Based on an average trading volume of 17,700 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.
Hedge Funds Weigh In On Tungray Technologies
A hedge fund recently bought a new stake in Tungray Technologies stock. PFG Investments LLC purchased a new stake in shares of Tungray Technologies Inc. (NASDAQ:TRSG – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,000 shares of the company’s stock, valued at approximately $135,000. PFG Investments LLC owned 0.22% of Tungray Technologies as of its most recent SEC filing.
Tungray Technologies Stock Performance
Shares of TRSG stock traded down $0.18 during trading hours on Friday, hitting $2.55. 7,619 shares of the company’s stock were exchanged, compared to its average volume of 110,479. Tungray Technologies has a 12-month low of $2.06 and a 12-month high of $11.78. The stock has a 50 day simple moving average of $2.80.
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.
Featured Articles
- Five stocks we like better than Tungray Technologies
- How to Use Stock Screeners to Find Stocks
- Can Costco Stock Hit New Highs as Interest Rates Drop?
- Stock Market Upgrades: What Are They?
- These 3 Stocks Show How to Navigate Declining Consumer Confidence
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy?
Receive News & Ratings for Tungray Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tungray Technologies and related companies with MarketBeat.com's FREE daily email newsletter.