Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) Sees Significant Drop in Short Interest

Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 10,262 shares, a drop of 74.1% from the December 15th total of 39,681 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 163,127 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 163,127 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Tian Ruixiang Stock Performance

Shares of TIRX opened at $0.46 on Wednesday. Tian Ruixiang has a 1 year low of $0.35 and a 1 year high of $10.75. The stock’s 50-day moving average price is $0.64 and its two-hundred day moving average price is $2.40.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on shares of Tian Ruixiang in a research note on Friday, December 26th. They set a “sell (e-)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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. It serves individual or institutional customers. The company was founded in 2010 and is headquartered in Beijing, China.