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

Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 211,100 shares, a growth of 1,288.8% from the December 31st total of 15,200 shares. Based on an average daily volume of 140,300 shares, the short-interest ratio is currently 1.5 days. Currently, 68.5% of the shares of the stock are short sold.

Tian Ruixiang Price Performance

TIRX stock traded down $0.00 during trading on Tuesday, hitting $1.78. 130,185 shares of the company’s stock traded hands, compared to its average volume of 245,430. Tian Ruixiang has a 52 week low of $1.38 and a 52 week high of $7.40. The business has a fifty day simple moving average of $1.69 and a 200 day simple moving average of $1.80.

About Tian Ruixiang

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.