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

Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 1,730,371 shares, a growth of 420.3% from the January 29th total of 332,541 shares. Based on an average trading volume of 177,180,246 shares, the days-to-cover ratio is presently 0.0 days. Approximately 11.8% of the shares of the stock are short sold. Approximately 11.8% of the shares of the stock are short sold. Based on an average trading volume of 177,180,246 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

Tian Ruixiang Stock Performance

Shares of TIRX stock opened at $0.08 on Friday. Tian Ruixiang has a 52 week low of $0.04 and a 52 week high of $10.75. The stock’s fifty day moving average is $0.31 and its 200-day moving average is $1.28.

Institutional Investors Weigh In On Tian Ruixiang

An institutional investor recently bought a new position in Tian Ruixiang stock. Sabby Management LLC bought a new position in shares of Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 624,551 shares of the company’s stock, valued at approximately $226,000. Tian Ruixiang makes up 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 15th largest position. Sabby Management LLC owned approximately 2.56% of Tian Ruixiang at the end of the most recent reporting period. Hedge funds and other institutional investors own 10.66% of the company’s stock.

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.