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

Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 4,800 shares, a decline of 50.5% from the February 29th total of 9,700 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 257,200 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Tian Ruixiang

An institutional investor recently raised its position in Tian Ruixiang stock. Renaissance Technologies LLC grew its position in Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) by 53.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,102 shares of the company’s stock after purchasing an additional 9,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.94% of Tian Ruixiang worth $35,000 as of its most recent SEC filing. 10.66% of the stock is currently owned by hedge funds and other institutional investors.

Tian Ruixiang Trading Down 1.3 %

Shares of NASDAQ:TIRX traded down $0.01 during trading on Thursday, reaching $0.45. The stock had a trading volume of 2,305 shares, compared to its average volume of 243,809. Tian Ruixiang has a 52 week low of $0.40 and a 52 week high of $7.88. The stock has a fifty day simple moving average of $0.56 and a two-hundred day simple moving average of $0.74.

Tian Ruixiang Company Profile

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.