Tungray Technologies Inc. (NASDAQ:TRSG) Short Interest Down 30.2% in September

Tungray Technologies Inc. (NASDAQ:TRSG) 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) 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.