Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) Sees Large Decrease in Short Interest

Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 36,400 shares, a decline of 53.2% from the August 15th total of 77,800 shares. Currently, 11.8% of the company’s stock are short sold. Based on an average trading volume of 449,400 shares, the days-to-cover ratio is currently 0.1 days.

Tian Ruixiang Stock Up 3.6 %

Shares of TIRX stock traded up $0.06 during midday trading on Friday, reaching $1.72. 12,126 shares of the stock were exchanged, compared to its average volume of 381,434. Tian Ruixiang has a 1 year low of $1.53 and a 1 year high of $8.15. The company’s 50 day moving average is $1.88 and its two-hundred day moving average is $2.34.

About Tian Ruixiang

Tian Ruixiang Holdings Ltd, together its subsidiaries, operates as an insurance broker in China and the United States. It distributes a range of insurance products, including property and casualty insurance, such as automobile, commercial property, liability, and accidental insurance; and life insurance comprising individual and group life insurances, as well as health and miscellaneous insurance.