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

Ten-League International Holdings Limited (NASDAQ:TLIH) saw a large decline in short interest during the month of 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 shares are short sold. Based on an average trading volume of 7,587 shares, the short-interest ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ten-League International in a research note on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Ten-League International currently has a consensus rating of “Sell”.

Ten-League International Price Performance

Shares of NASDAQ TLIH traded up $0.05 during trading hours on Friday, hitting $5.71. The company’s stock had a trading volume of 12,808 shares, compared to its average volume of 7,383. Ten-League International has a 12 month low of $2.20 and a 12 month high of $70.00. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 0.45. The business has a 50-day simple moving average of $4.26 and a 200-day simple moving average of $3.69.

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

Institutional Inflows and Outflows

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