Short Interest in TEN Holdings, Inc. (NASDAQ:XHLD) Drops By 41.2%

TEN Holdings, Inc. (NASDAQ:XHLD) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 46,484 shares, a decrease of 41.2% from the May 14th total of 79,063 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 16,359 shares, the days-to-cover ratio is currently 2.8 days.

TEN Stock Performance

Shares of XHLD stock opened at $1.42 on Tuesday. The business’s 50-day moving average price is $1.39. TEN has a 12-month low of $1.03 and a 12-month high of $13.47. The company has a market capitalization of $5.65 million, a price-to-earnings ratio of -0.34 and a beta of 2.42.

TEN (NASDAQ:XHLD) last issued its earnings results on Wednesday, March 18th. The company reported ($3.93) earnings per share (EPS) for the quarter. The firm had revenue of $0.71 million during the quarter. TEN had a negative return on equity of 466.58% and a negative net margin of 546.18%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TEN in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, TEN currently 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.