Short Interest in Tungray Technologies Inc. (NASDAQ:TRSG) Drops By 30.2%

Tungray Technologies Inc. (NASDAQ:TRSG) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 6,000 shares, a decline of 30.2% from the August 31st total of 8,600 shares. Based on an average trading volume of 17,700 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Tungray Technologies Stock Down 6.6 %

Shares of NASDAQ TRSG opened at $2.55 on Friday. The company’s 50 day moving average is $2.79. Tungray Technologies has a 52 week low of $2.06 and a 52 week high of $11.78.

Institutional Investors Weigh In On Tungray Technologies

A hedge fund recently bought a new stake in Tungray Technologies stock. PFG Investments LLC bought a new position in shares of Tungray Technologies Inc. (NASDAQ:TRSG) during the second quarter, according to its most recent 13F filing 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 about 0.22% of Tungray Technologies at the end of the most recent quarter.

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.