Ten-League International Holdings Limited (NASDAQ:TLIH) Stock Short Interest Declines 97.1%

Ten-League International Holdings Limited (NASDAQ:TLIH) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 10 shares, a drop of 97.1% from the August 31st total of 342 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,814 shares, the days-to-cover ratio is presently 0.0 days.

Ten-League International Price Performance

NASDAQ TLIH traded up $0.01 during mid-day trading on Thursday, reaching $5.76. 1,186 shares of the stock were exchanged, compared to its average volume of 1,863. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 0.45. Ten-League International has a 1-year low of $2.20 and a 1-year high of $8.50. The business’s fifty day simple moving average is $5.76 and its 200 day simple moving average is $4.31.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Ten-League International from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus 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.