TEN Holdings, Inc. (NASDAQ:XHLD) Sees Significant Growth in Short Interest

TEN Holdings, Inc. (NASDAQ:XHLD) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 1,040,319 shares, a growth of 1,937.0% from the July 30th total of 51,072 shares. Based on an average trading volume of 17,027,175 shares, the days-to-cover ratio is presently 0.1 days. Approximately 9.1% of the company’s shares are short sold.

TEN Stock Up 0.5%

Shares of XHLD stock opened at $8.55 on Thursday. The firm has a fifty day moving average of $2.96 and a 200-day moving average of $2.02. TEN has a 12-month low of $0.76 and a 12-month high of $13.47. The company has a market capitalization of $102.43 million, a price-to-earnings ratio of -2.92 and a beta of 1.99.

TEN (NASDAQ:XHLD) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.70) EPS for the quarter. The company had revenue of $0.73 million during the quarter. TEN had a negative net margin of 627.50% and a negative return on equity of 440.98%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TEN in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company 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.