Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) Sees Significant Growth in Short Interest

Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 332,541 shares, an increase of 315.5% from the January 15th total of 80,035 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average daily volume of 51,380,936 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 51,380,936 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.3% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of Tian Ruixiang in a research note on Friday, December 26th. They issued a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Tian Ruixiang has a consensus rating of “Sell”.

Tian Ruixiang Stock Performance

Shares of TIRX opened at $0.11 on Wednesday. Tian Ruixiang has a 12 month low of $0.07 and a 12 month high of $10.75. The company’s fifty day moving average is $0.45 and its 200-day moving average is $1.64.

Tian Ruixiang Company Profile

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.