TEN Holdings, Inc. (NASDAQ:XHLD) Short Interest Update

TEN Holdings, Inc. (NASDAQ:XHLD) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 144,044 shares, an increase of 209.9% from the May 31st total of 46,484 shares. Based on an average daily trading volume, of 75,356 shares, the days-to-cover ratio is currently 1.9 days. Approximately 3.8% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TEN in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

TEN Stock Up 30.2%

TEN stock opened at $1.64 on Tuesday. The company has a fifty day simple moving average of $1.37 and a 200-day simple moving average of $1.58. The firm has a market capitalization of $6.53 million, a price-to-earnings ratio of -0.39 and a beta of 2.42. TEN has a 52-week low of $1.03 and a 52-week high of $13.47.

TEN Company Profile

We are a provider of event planning, production, and broadcasting services headquartered in Pennsylvania. We mainly produce virtual and hybrid events and physical events. Virtual and hybrid events involve virtual and hybrid event planning, production and broadcasting services, and continuing education services, all of which are supported by our proprietary Xyvid Pro Platform. Physical events mainly involve live streaming and video recording of physical events. TEN Holdings, Inc was incorporated under the laws of the State of Pennsylvania as a business corporation on February 12, 2024.