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

Tungray Technologies Inc. (NASDAQ:TRSG) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 10,700 shares, an increase of 435.0% from the December 31st total of 2,000 shares. Based on an average daily volume of 16,200 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.4% of the shares of the stock are sold short.

Tungray Technologies Stock Up 1.2 %

Shares of TRSG traded up $0.03 during midday trading on Tuesday, hitting $2.12. 6,922 shares of the company traded hands, compared to its average volume of 6,488. The firm has a 50 day moving average of $2.31 and a 200-day moving average of $2.56. Tungray Technologies has a 52 week low of $1.91 and a 52 week 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 boosted its stake in shares of Tungray Technologies Inc. (NASDAQ:TRSG) by 94.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 SEC filing.

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.