Short Interest in Trio-Tech International (NYSE:TRT) Rises By 424.0%

Trio-Tech International (NYSE:TRT) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 13,100 shares, an increase of 424.0% from the September 15th total of 2,500 shares. Based on an average daily volume of 8,700 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 8,700 shares, the days-to-cover ratio is presently 1.5 days.

Trio-Tech International Stock Performance

NYSE:TRT opened at $7.16 on Friday. The company has a market cap of $30.88 million, a price-to-earnings ratio of 51.14 and a beta of 0.93. Trio-Tech International has a 52-week low of $4.62 and a 52-week high of $8.48. The firm’s 50-day moving average is $5.84 and its 200-day moving average is $5.51. 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 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.