Short Interest in Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) Grows By 420.3%

Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,730,371 shares, a growth of 420.3% from the January 29th total of 332,541 shares. Based on an average daily trading volume, of 177,180,246 shares, the short-interest ratio is presently 0.0 days. Currently, 11.8% of the shares of the company are short sold. Currently, 11.8% of the shares of the company are short sold. Based on an average daily trading volume, of 177,180,246 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

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

Institutional Trading of Tian Ruixiang

An institutional investor recently bought a new position in Tian Ruixiang stock. Sabby Management LLC acquired a new position in shares of Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 624,551 shares of the company’s stock, valued at approximately $226,000. Tian Ruixiang makes up 0.3% of Sabby Management LLC’s holdings, making the stock its 15th largest position. Sabby Management LLC owned 2.56% of Tian Ruixiang at the end of the most recent quarter. 10.66% of the stock is owned by institutional investors and hedge funds.

Tian Ruixiang Stock Performance

Tian Ruixiang stock traded down $0.00 during trading hours on Wednesday, hitting $0.07. 14,911,765 shares of the stock traded hands, compared to its average volume of 94,752,192. Tian Ruixiang has a one year low of $0.04 and a one year high of $10.75. The firm’s 50-day moving average price is $0.32 and its two-hundred day moving average price is $1.29.

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