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

Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 47,500 shares, an increase of 324.1% from the September 15th total of 11,200 shares. Currently, 15.5% of the company’s shares are short sold. Based on an average trading volume of 448,600 shares, the short-interest ratio is currently 0.1 days.

Tian Ruixiang Price Performance

TIRX traded up $0.16 during mid-day trading on Friday, hitting $1.95. 17,547 shares of the stock were exchanged, compared to its average volume of 347,135. The firm’s fifty day moving average is $1.81 and its two-hundred day moving average is $2.24. Tian Ruixiang has a 1-year low of $1.53 and a 1-year high of $7.40.

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.