Traders are feeling more bearish on TSR, Inc. lately as inferred by the rise in short interest. The stock realized a rise in short interest of 5.81% as of August 31, 2017 from the last reporting period. Short interest grew 101 over that period. With short interest at 1,840 and short average daily volume at 1,562, days to cover is 1.0 and the percentage of shorted shares was 0.00% on August 31.
These funds have shifted positions in (TSRI). Tower Research Capital LLC (trc) downsized its ownership by shedding 338 shares a decrease of 81.1% from 09/30/2016 to 06/30/2017. Tower Research Capital LLC (trc) now controls 79 shares with a value of $0. The value of the position overall is down by 100.0%. Renaissance Technologies LLC grew its position by buying 3,402 shares an increase of 5.1% in the quarter. Renaissance Technologies LLC owns 70,052 shares valued at $354,000. The total value of its holdings decreased 6.8%.
As of quarter end Panagora Asset Management Inc had acquired 1,009 shares growing its position 26.9%. The value of the investment in TSR, Inc. went from $21,000 to $24,000 a change of 14.3% quarter to quarter. As of the end of the quarter Acadian Asset Management LLC had sold a total of 326 shares trimming its stake by 14.3%. The value of the investment in (TSRI) decreased from $13,000 to $10,000 decreasing 23.1% quarter over quarter.
The company is trading down from yesterday’s close of 3.9. Shares are trading at $3.80 which is marginally under the 50 day moving average of $4.22 and well below the 200 day moving average of $5.18. The 50 day moving average moved down $-0.42 whereas the 200 day average was down by -26.71%.
The company’s P/E ratio is 27.74 and market cap is 7.46M.
TSR, Inc., launched on February 25, 1969, is primarily engaged in providing contract computer programming services to its customers. The Company provides its customers with technical computer personnel to supplement their in-house information technology (IT) capabilities. The Company offers staffing capabilities in the areas of mainframe and mid-range computer operations, personal computers and client-server support, Internet and e-commerce operations, voice and data communications (including local and wide area networks), and help desk support. The Company provides services on day-to-day operations, special projects and on short-term or long-term basis..