Short Interest in Tungray Technologies Inc. (NASDAQ:TRSG) Decreases By 68.2%

Tungray Technologies Inc. (NASDAQ:TRSG) was the recipient of a significant decrease in short interest in 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 company’s stock are sold short. Based on an average daily trading volume, of 12,900 shares, the short-interest ratio is currently 0.3 days.

Tungray Technologies Trading Up 6.9 %

Shares of NASDAQ TRSG opened at $2.09 on Friday. The firm’s 50 day moving average price is $2.19 and its 200-day moving average price is $2.47. Tungray Technologies has a 52-week low of $1.91 and a 52-week high of $11.78.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tungray Technologies stock. PFG Investments LLC grew its holdings in Tungray Technologies Inc. (NASDAQ:TRSG) by 94.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,000 shares of the company’s stock after acquiring an additional 33,000 shares during the period. PFG Investments LLC owned 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.