Short Interest in Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) Expands By 45.3%

Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 39,681 shares, a growth of 45.3% from the November 30th total of 27,310 shares. Based on an average trading volume of 158,555 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 158,555 shares, the short-interest ratio is presently 0.3 days.

Tian Ruixiang Stock Performance

Shares of TIRX traded down $0.00 during mid-day trading on Tuesday, hitting $0.41. The stock had a trading volume of 29,779 shares, compared to its average volume of 86,699. Tian Ruixiang has a 52 week low of $0.40 and a 52 week high of $10.75. The business has a fifty day moving average price of $0.77 and a 200-day moving average price of $2.85.

Analyst Upgrades and Downgrades

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

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.