Ten-League International Holdings Limited (NASDAQ:TLIH) Shares Shorted: Short Interest Up 17,275.0% in October

Ten-League International Holdings Limited (NASDAQ:TLIH) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 695 shares, a growth of 17,275.0% from the September 30th total of 4 shares. Based on an average daily trading volume, of 3,148 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Ten-League International Stock Up 2.8%

Ten-League International stock traded up $0.15 during midday trading on Tuesday, reaching $5.56. 1,649 shares of the company were exchanged, compared to its average volume of 2,904. The firm’s 50-day simple moving average is $5.68 and its 200-day simple moving average is $4.37. Ten-League International has a 1 year low of $2.20 and a 1 year high of $6.74. The company has a current ratio of 0.80, a quick ratio of 0.64 and a debt-to-equity ratio of 0.37.

Ten-League International (NASDAQ:TLIH) last released its earnings results on Wednesday, September 30th. The company reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $12.79 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Ten-League International from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 3rd. 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”.

About Ten-League International

Our mission is to provide high-quality equipment, value-added engineering solutions as well as maintenance and repair services through continuous adaptation and application of new technologies. We are a Singapore-based provider of turnkey project solutions. Our business primarily consists of sales of heavy equipment and parts, heavy equipment rental and provision of engineering consultancy services to port, construction, civil engineering and underground foundation industries. We currently conduct our operations through our wholly-owned subsidiaries, Ten-League Engineering & Technology Pte.