Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) Short Interest Up 679.9% in January

Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 80,035 shares, a growth of 679.9% from the December 31st total of 10,262 shares. Based on an average daily volume of 89,495 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 89,495 shares, the days-to-cover ratio is presently 0.9 days.

Tian Ruixiang Trading Down 91.1%

TIRX traded down $1.20 during midday trading on Thursday, hitting $0.12. The company had a trading volume of 53,295,700 shares, compared to its average volume of 23,442,848. Tian Ruixiang has a twelve month low of $0.11 and a twelve month high of $10.75. The firm’s 50-day simple moving average is $0.58 and its 200-day simple moving average is $2.01.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on shares of Tian Ruixiang in a report on Friday, December 26th. They set a “sell (e-)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tian Ruixiang presently 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.