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

Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 4,013,156 shares, an increase of 131.9% from the February 12th total of 1,730,371 shares. Based on an average daily volume of 62,834,684 shares, the short-interest ratio is presently 0.1 days. Currently, 8.9% of the company’s shares are short sold. Currently, 8.9% of the company’s shares are short sold. Based on an average daily volume of 62,834,684 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

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

Tian Ruixiang Stock Performance

TIRX opened at $0.03 on Friday. The business has a fifty day moving average of $0.23 and a 200 day moving average of $0.99. Tian Ruixiang has a 52-week low of $0.02 and a 52-week high of $10.75.

Shares of Tian Ruixiang are scheduled to reverse split on Monday, March 16th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, March 15th.

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 Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 624,551 shares of the company’s stock, valued at approximately $226,000. Tian Ruixiang accounts for 0.3% of Sabby Management LLC’s holdings, making the stock its 15th biggest holding. Sabby Management LLC owned 2.56% of Tian Ruixiang at the end of the most recent reporting period. 10.66% of the stock is owned by institutional investors and hedge funds.

About Tian Ruixiang

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.