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

Ten-League International Holdings Limited (NASDAQ:TLIH) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 4 shares, a decrease of 60.0% from the September 15th total of 10 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,091 shares, the days-to-cover ratio is currently 0.0 days.

Ten-League International Stock Down 0.2%

TLIH stock traded down $0.01 during trading on Tuesday, hitting $5.72. The stock had a trading volume of 1,944 shares, compared to its average volume of 209,496. The company has a current ratio of 0.80, a quick ratio of 0.64 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average price is $5.75 and its two-hundred day moving average price is $4.55. Ten-League International has a 1-year low of $2.20 and a 1-year high of $6.74.

Ten-League International (NASDAQ:TLIH) last released its earnings results on Wednesday, September 30th. The company reported $0.23 EPS for the quarter. The firm had revenue of $12.79 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised Ten-League International from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Ten-League International Company Profile

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.