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

Ten-League International Holdings Limited (NASDAQ:TLIH) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 6,147 shares, a decrease of 39.9% from the June 15th total of 10,222 shares. Based on an average trading volume of 7,587 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Ten-League International

A hedge fund 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) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 76,633 shares of the company’s stock, valued at approximately $28,000. HRT Financial LP owned approximately 0.26% of Ten-League International as of its most recent filing with the SEC.

Ten-League International Stock Performance

TLIH stock traded down $0.56 during mid-day trading on Thursday, reaching $5.14. 27,423 shares of the stock traded hands, compared to its average volume of 7,064. The stock’s fifty day moving average is $4.19 and its 200-day moving average is $3.66. 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 $70.00.

Ten-League International (NASDAQ:TLIH) last released its earnings results on Thursday, April 30th. The company reported $0.45 earnings per share (EPS) for the quarter. The company 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.