Short Interest in Ten-League International Holdings Limited (NASDAQ:TLIH) Declines By 39.9%

Ten-League International Holdings Limited (NASDAQ:TLIH) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 6,147 shares, a decline of 39.9% from the June 15th total of 10,222 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 7,587 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ten-League International stock. HRT Financial LP acquired a new position in Ten-League International Holdings Limited (NASDAQ:TLIH) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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 at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ten-League International in a report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Ten-League International currently has an average rating of “Sell”.

Ten-League International Stock Performance

Shares of Ten-League International stock opened at $5.66 on Friday. The firm’s 50-day simple moving average is $4.22 and its 200-day simple moving average is $3.68. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.56 and a current ratio of 0.87. Ten-League International has a 1 year low of $2.20 and a 1 year high of $70.00.

Ten-League International (NASDAQ:TLIH) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $14.77 million during the quarter.

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.