TMSR Holding Company Ltd (NASDAQ:TMSR) Sees Significant Growth in Short Interest

TMSR Holding Company Ltd (NASDAQ:TMSR) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 7,300 shares, an increase of 21.7% from the August 30th total of 6,000 shares. Based on an average daily volume of 19,100 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

TMSR stock traded up $0.05 during trading hours on Monday, hitting $0.86. 25,000 shares of the stock traded hands, compared to its average volume of 115,209. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average price is $0.92 and its 200-day moving average price is $1.40. TMSR has a 1 year low of $0.66 and a 1 year high of $9.47.

TMSR (NASDAQ:TMSR) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $12.79 million for the quarter. TMSR had a negative return on equity of 2.69% and a negative net margin of 2.61%.

TMSR Company Profile

TMSR Holding Company Limited, together with its subsidiaries, focuses on the research, development, production, and sale of solid waste recycling systems for the mining and industrial sectors in the People's Republic of China. It is also involved in the iron ore trading, wine import and resale, and Agarwood wine trading businesses; and provision of ship exchange consulting services.

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