Ten-League International Holdings Limited (NASDAQ:TLIH) Sees Significant Decrease in Short Interest

Ten-League International Holdings Limited (NASDAQ:TLIH) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,569 shares, a drop of 41.9% from the June 30th total of 6,147 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 8,564 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ten-League International in a research report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Ten-League International Trading Down 0.9%

Shares of Ten-League International stock opened at $5.75 on Wednesday. The firm’s 50 day simple moving average is $4.58 and its two-hundred day simple moving average is $3.78. Ten-League International has a 12-month low of $2.20 and a 12-month high of $10.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.56 and a current ratio of 0.87.

Ten-League International (NASDAQ:TLIH) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.45 earnings per share for the quarter. The firm had revenue of $14.77 million for the quarter.

Institutional Investors Weigh In On Ten-League International

An institutional investor recently bought a new stake in Ten-League International stock. HRT Financial LP purchased a new position in shares of Ten-League International Holdings Limited (NASDAQ:TLIH) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 76,633 shares of the company’s stock, valued at approximately $28,000. HRT Financial LP owned about 0.26% of Ten-League International at the end of the most recent quarter.

About Ten-League International

Ten-League International, Inc is a manufacturer and distributor of hair care and beauty enhancement products serving both retail consumers and professional salons. The company’s offerings include wigs, hair extensions, hair systems, toupees and related accessories designed to address styling, medical and cosmetic needs.

Products are marketed under the Ten-League and True Glory brands, with distribution through e-commerce platforms, specialty beauty supply retailers and a network of salon partners.