Short Interest in Tungray Technologies Inc. (NASDAQ:TRSG) Drops By 24.1%

Tungray Technologies Inc. (NASDAQ:TRSG) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 8,500 shares, a decrease of 24.1% from the October 15th total of 11,200 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 14,100 shares, the short-interest ratio is presently 0.6 days.

Tungray Technologies Price Performance

NASDAQ TRSG opened at $2.15 on Friday. Tungray Technologies has a 52-week low of $2.06 and a 52-week high of $11.78. The business’s 50-day moving average price is $2.54 and its 200 day moving average price is $3.37.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Tungray Technologies stock. PFG Investments LLC bought a new stake in Tungray Technologies Inc. (NASDAQ:TRSG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 35,000 shares of the company’s stock, valued at approximately $135,000. PFG Investments LLC owned approximately 0.22% of Tungray Technologies 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.