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 in 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 sold short. Based on an average daily trading volume, of 163,127 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 163,127 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Tian Ruixiang Stock Performance

NASDAQ:TIRX opened at $0.45 on Tuesday. Tian Ruixiang has a 12-month low of $0.35 and a 12-month high of $10.75. The stock’s fifty day simple moving average is $0.65 and its 200-day simple moving average is $2.44.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on Tian Ruixiang in a 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, Tian Ruixiang currently has a consensus rating of “Sell”.

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.