Trio-Tech International (NYSE:TRT) Short Interest Down 38.1% in May

Trio-Tech International (NYSE:TRT) saw a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 13,300 shares, a decrease of 38.1% from the May 15th total of 21,500 shares. Based on an average daily volume of 6,900 shares, the short-interest ratio is currently 1.9 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Dimensional Fund Advisors LP grew its stake in Trio-Tech International (NYSE:TRT) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,064 shares of the company’s stock after acquiring an additional 8,030 shares during the quarter. Dimensional Fund Advisors LP owned 2.87% of Trio-Tech International worth $709,000 at the end of the most recent quarter. 16.03% of the stock is owned by institutional investors and hedge funds.

Trio-Tech International Trading Up 8.3%

NYSE:TRT traded up $0.43 on Monday, hitting $5.56. 1,654 shares of the stock were exchanged, compared to its average volume of 7,767. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54. Trio-Tech International has a 52 week low of $4.62 and a 52 week high of $7.88. The stock has a market capitalization of $23.96 million, a price-to-earnings ratio of 39.68 and a beta of 0.98. The company’s 50-day moving average price is $5.19 and its 200 day moving average price is $5.79.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on shares of Trio-Tech International in a research report on Thursday, May 22nd. They issued a “buy” rating for the company.

Trio-Tech International Company Profile

Trio-Tech International, together with its subsidiaries, offers manufacturing, testing, and distribution services to the semiconductor industry. It operates through four segments: Manufacturing, Testing Services, Distribution, and Real Estate. The company develops and manufactures test equipment used in front-end and back-end manufacturing processes of semiconductors.