TEN Holdings, Inc. (NASDAQ:XHLD) Short Interest Up 1,937.0% in August

TEN Holdings, Inc. (NASDAQ:XHLD) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,040,319 shares, an increase of 1,937.0% from the July 30th total of 51,072 shares. Currently, 9.1% of the shares of the company are short sold. Based on an average daily volume of 17,027,175 shares, the short-interest ratio is presently 0.1 days.

TEN Stock Performance

TEN stock opened at $8.51 on Wednesday. TEN has a 52-week low of $0.76 and a 52-week high of $13.47. The stock has a market capitalization of $101.95 million, a price-to-earnings ratio of -2.90 and a beta of 1.99. The stock’s 50 day moving average price is $2.81 and its two-hundred day moving average price is $1.98.

TEN (NASDAQ:XHLD) last announced its earnings results on Monday, August 10th. The company reported ($0.70) earnings per share for the quarter. The business had revenue of $0.73 million during the quarter. TEN had a negative return on equity of 440.98% and a negative net margin of 627.50%.

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 analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

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.