Tungray Technologies Inc. (NASDAQ:TRSG) Short Interest Down 55.5% in September

Tungray Technologies Inc. (NASDAQ:TRSG) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 16,700 shares, a drop of 55.5% from the September 15th total of 37,500 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 62,400 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 62,400 shares, the short-interest ratio is presently 0.3 days. Approximately 0.7% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Tungray Technologies in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Tungray Technologies Stock Performance

Shares of NASDAQ:TRSG opened at $1.48 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.97 and a current ratio of 2.26. Tungray Technologies has a 52 week low of $1.00 and a 52 week high of $3.70. The firm has a 50 day simple moving average of $1.55 and a 200 day simple moving average of $1.66.

Tungray Technologies Company Profile

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.