Ten-League International Holdings Limited (NASDAQ:TLIH) Sees Large Drop in Short Interest

Ten-League International Holdings Limited (NASDAQ:TLIH) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 6,147 shares, a decline of 39.9% from the June 15th total of 10,222 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 7,587 shares, the short-interest ratio is presently 0.8 days.

Ten-League International Stock Down 9.7%

NASDAQ:TLIH traded down $0.56 during mid-day trading on Thursday, hitting $5.14. 27,423 shares of the company’s stock traded hands, compared to its average volume of 7,064. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.87 and a quick ratio of 0.56. The firm has a 50 day moving average of $4.19 and a two-hundred day moving average of $3.66. Ten-League International has a 12 month low of $2.20 and a 12 month high of $70.00.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ten-League International in a research note on Monday, June 29th. One equities 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”.

Institutional Trading of Ten-League International

An institutional investor recently bought a new stake in Ten-League International stock. HRT Financial LP bought a new stake in Ten-League International Holdings Limited (NASDAQ:TLIH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 76,633 shares of the company’s stock, valued at approximately $28,000. HRT Financial LP owned 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.