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

Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 211,100 shares, a growth of 1,288.8% from the December 15th total of 15,200 shares. Based on an average trading volume of 140,300 shares, the days-to-cover ratio is currently 1.5 days. Approximately 68.5% of the company’s stock are short sold.

Tian Ruixiang Price Performance

TIRX opened at $1.64 on Tuesday. Tian Ruixiang has a 12 month low of $1.38 and a 12 month high of $7.40. The stock has a fifty day moving average price of $1.70 and a 200-day moving average price of $1.83.

Tian Ruixiang Company Profile

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.