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

Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 119,600 shares, an increase of 300.0% from the May 15th total of 29,900 shares. Based on an average daily trading volume, of 542,200 shares, the short-interest ratio is presently 0.2 days. Currently, 6.4% of the company’s shares are sold short.

Tian Ruixiang Stock Performance

Shares of Tian Ruixiang stock traded up $0.21 on Thursday, hitting $2.59. 134,730 shares of the company’s stock traded hands, compared to its average volume of 335,989. Tian Ruixiang has a one year low of $2.00 and a one year high of $10.70. The firm’s 50-day moving average price is $2.72 and its two-hundred day moving average price is $2.90.

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.