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

Tungray Technologies Inc. (NASDAQ:TRSG) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,700 shares, a drop of 48.5% from the February 13th total of 3,300 shares. Based on an average daily volume of 9,000 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Tungray Technologies Stock Performance

NASDAQ:TRSG traded up $0.12 during mid-day trading on Friday, hitting $1.70. 10,359 shares of the stock were exchanged, compared to its average volume of 4,964. The firm’s 50-day simple moving average is $1.97 and its 200 day simple moving average is $2.33. Tungray Technologies has a fifty-two week low of $1.51 and a fifty-two week high of $11.78.

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.