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

Tungray Technologies Inc. (NASDAQ:TRSG) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 4,100 shares, a decrease of 68.2% from the January 15th total of 12,900 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 12,900 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Tungray Technologies

An institutional investor recently raised its position in Tungray Technologies stock. PFG Investments LLC raised its position in shares of Tungray Technologies Inc. (NASDAQ:TRSG) by 94.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,000 shares of the company’s stock after buying an additional 33,000 shares during the period. PFG Investments LLC owned about 0.42% of Tungray Technologies worth $177,000 as of its most recent filing with the Securities & Exchange Commission.

Tungray Technologies Stock Up 2.0 %

Shares of TRSG traded up $0.04 during mid-day trading on Thursday, reaching $2.04. The company had a trading volume of 3,288 shares, compared to its average volume of 4,900. Tungray Technologies has a 52-week low of $1.91 and a 52-week high of $11.78. The stock has a 50 day moving average of $2.19 and a two-hundred day moving average of $2.47.

About Tungray Technologies

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.