Tian Ruixiang (NASDAQ:TIRX) Trading Up 65%

Shares of Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) rose 65% on Thursday . The company traded as high as $1.48 and last traded at $0.80. Approximately 58,665,928 shares were traded during mid-day trading, an increase of 5,025% from the average daily volume of 1,144,736 shares. The stock had previously closed at $0.48.

Tian Ruixiang Stock Up 65.0 %

The business’s fifty day moving average is $0.54 and its two-hundred day moving average is $0.66.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tian Ruixiang stock. Renaissance Technologies LLC boosted its position in shares of Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) by 53.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,102 shares of the company’s stock after acquiring an additional 9,100 shares during the period. Renaissance Technologies LLC owned about 0.94% of Tian Ruixiang worth $35,000 as of its most recent SEC filing. Institutional investors and hedge funds own 10.66% of the company’s stock.

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.