Ten-League International Holdings Limited (NASDAQ:TLIH) Sees Significant Decrease in Short Interest

Ten-League International Holdings Limited (NASDAQ:TLIH) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 3,569 shares, a drop of 41.9% from the June 30th total of 6,147 shares. Based on an average daily volume of 8,564 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

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) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 76,633 shares of the company’s stock, valued at approximately $28,000. HRT Financial LP owned approximately 0.26% of Ten-League International at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

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

Ten-League International Stock Down 0.9%

TLIH stock opened at $5.75 on Wednesday. The company’s 50-day simple moving average is $4.58 and its 200-day simple moving average is $3.78. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.87 and a quick ratio of 0.56. Ten-League International has a 52-week low of $2.20 and a 52-week high of $10.30.

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

About Ten-League International

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.