Short Interest in TEN Holdings, Inc. (NASDAQ:XHLD) Drops By 54.3%

TEN Holdings, Inc. (NASDAQ:XHLD) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 43,835 shares, a drop of 54.3% from the June 30th total of 95,910 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 738,237 shares, the short-interest ratio is presently 0.1 days.

TEN Trading Down 18.3%

NASDAQ:XHLD opened at $1.25 on Thursday. The company has a market cap of $4.97 million, a price-to-earnings ratio of -0.30 and a beta of 1.61. TEN has a twelve month low of $1.03 and a twelve month high of $13.47. The stock has a fifty day simple moving average of $1.61 and a 200-day simple moving average of $1.63.

Wall Street Analysts Forecast Growth

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

About TEN

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.