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

Ten-League International Holdings Limited (NASDAQ:TLIH) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 3,569 shares, a decrease of 41.9% from the June 30th total of 6,147 shares. Based on an average daily trading volume, of 8,564 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Ten-League International

A hedge fund recently bought a new stake in Ten-League International stock. HRT Financial LP acquired a new position in Ten-League International Holdings Limited (NASDAQ:TLIH) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 76,633 shares of the company’s stock, valued at approximately $28,000. HRT Financial LP owned 0.26% of Ten-League International at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Ten-League International in a report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Ten-League International Price Performance

NASDAQ TLIH opened at $5.93 on Thursday. Ten-League International has a 12 month low of $2.20 and a 12 month high of $8.50. The stock’s fifty day moving average price is $4.63 and its 200-day moving average price is $3.79. 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 (NASDAQ:TLIH) last issued its earnings results on Thursday, April 30th. The company reported $0.45 earnings per share (EPS) for the quarter. The firm had revenue of $14.77 million during the quarter.

Ten-League International Company Profile

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.