Ten-League International Holdings Limited (NASDAQ:TLIH) Short Interest Down 70.7% in August

Ten-League International Holdings Limited (NASDAQ:TLIH) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 1,256 shares, a drop of 70.7% from the July 30th total of 4,292 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 2,234 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Ten-League International

An institutional investor recently bought a new position in Ten-League International stock. HRT Financial LP purchased a new stake in Ten-League International Holdings Limited (NASDAQ:TLIH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 SEC filing.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of 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 MarketBeat, the stock presently has an average rating of “Sell”.

Ten-League International Price Performance

NASDAQ TLIH traded down $0.03 during trading on Friday, reaching $5.77. 5,291 shares of the company’s stock were exchanged, compared to its average volume of 243,399. The company has a 50 day moving average price of $5.42 and a two-hundred day moving average price of $4.01. Ten-League International has a 1 year low of $2.20 and a 1 year high of $8.50. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 0.45.

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.