Trio-Tech International (NYSEAMERICAN:TRT) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totalling 4,200 shares, a decline of 46.2% from the February 27th total of 7,800 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 8,000 shares, the days-to-cover ratio is presently 0.5 days.
TRT stock traded up $0.14 during trading on Thursday, hitting $2.67. 18,500 shares of the company’s stock were exchanged, compared to its average volume of 8,071. Trio-Tech International has a 52-week low of $2.43 and a 52-week high of $5.49.
Trio-Tech International (NYSEAMERICAN:TRT) last posted its earnings results on Thursday, February 13th. The company reported $0.11 earnings per share for the quarter. The business had revenue of $8.96 million for the quarter.
Trio-Tech International, together with its subsidiaries, provides manufacturing, testing, and distribution services to the semiconductor industry. The company's Testing Services segment offers stabilization bake, thermal shock, temperature cycling, mechanical shock, constant acceleration, gross and fine leak, electrical, static and dynamic burn-in, and vibration testing, as well as reliability lab and microprocessor equipment contract cleaning services.
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