Ten-League International Holdings Limited (NASDAQ:TLIH) Sees Significant Growth in Short Interest

Ten-League International Holdings Limited (NASDAQ:TLIH) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 695 shares, an increase of 17,275.0% from the September 30th total of 4 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,148 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Ten-League International from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Ten-League International Stock Up 0.2%

NASDAQ TLIH traded up $0.01 on Monday, hitting $5.41. 1,649 shares of the company were exchanged, compared to its average volume of 200,226. The firm has a 50 day moving average of $5.68 and a two-hundred day moving average of $4.74. The company has a quick ratio of 0.64, a current ratio of 0.80 and a debt-to-equity ratio of 0.37. Ten-League International has a 1-year low of $2.20 and a 1-year high of $6.74.

Ten-League International (NASDAQ:TLIH) last announced its earnings results on Wednesday, September 30th. The company reported $0.23 earnings per share for the quarter. The company had revenue of $12.79 million during the quarter.

About Ten-League International

Our mission is to provide high-quality equipment, value-added engineering solutions as well as maintenance and repair services through continuous adaptation and application of new technologies. We are a Singapore-based provider of turnkey project solutions. Our business primarily consists of sales of heavy equipment and parts, heavy equipment rental and provision of engineering consultancy services to port, construction, civil engineering and underground foundation industries. We currently conduct our operations through our wholly-owned subsidiaries, Ten-League Engineering & Technology Pte.