Short Interest in Taronis Technologies Inc (NASDAQ:TRNX) Decreases By 19.0%
Taronis Technologies Inc (NASDAQ:TRNX) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 3,607,200 shares, a drop of 19.0% from the July 31st total of 4,454,700 shares. Based on an average daily volume of 3,830,000 shares, the short-interest ratio is currently 0.9 days. Approximately 21.7% of the shares of the stock are sold short.
Separately, Zacks Investment Research downgraded Taronis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 14th.
NASDAQ TRNX traded up $0.04 during mid-day trading on Friday, hitting $2.16. The stock had a trading volume of 651,942 shares, compared to its average volume of 2,498,805. Taronis Technologies has a 52-week low of $0.64 and a 52-week high of $68.00. The stock has a 50 day moving average price of $1.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.11 and a quick ratio of 0.68.
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