Ten-League International Holdings Limited (NASDAQ:TLIH) Short Interest Down 72.8% in August

Ten-League International Holdings Limited (NASDAQ:TLIH) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 342 shares, a drop of 72.8% from the August 15th total of 1,256 shares. Based on an average daily volume of 2,905 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of Ten-League International

A hedge fund recently bought a new stake in Ten-League International stock. HRT Financial LP acquired a new stake in Ten-League International Holdings Limited (NASDAQ:TLIH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,633 shares of the company’s stock, valued at approximately $28,000. HRT Financial LP owned about 0.26% of Ten-League International as of its most recent filing with the Securities and Exchange Commission (SEC).

Wall Street Analyst Weigh In

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

Ten-League International Stock Performance

TLIH opened at $5.78 on Friday. Ten-League International has a twelve month low of $2.20 and a twelve month high of $8.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.56 and a current ratio of 0.87. The company has a 50-day moving average price of $5.65 and a 200 day moving average price of $4.18.

Ten-League International Company Profile

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.