TEN Holdings, Inc. (NASDAQ:XHLD) Short Interest Up 209.9% in June

TEN Holdings, Inc. (NASDAQ:XHLD) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 144,044 shares, a growth of 209.9% from the May 31st total of 46,484 shares. Currently, 3.8% of the shares of the stock are short sold. Based on an average trading volume of 75,356 shares, the days-to-cover ratio is presently 1.9 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TEN in a report on Wednesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

TEN Trading Up 4.1%

Shares of TEN stock opened at $1.26 on Friday. The company has a 50-day moving average of $1.37 and a two-hundred day moving average of $1.59. TEN has a 12-month low of $1.03 and a 12-month high of $13.47. The stock has a market cap of $5.01 million, a PE ratio of -0.30 and a beta of 2.41.

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.