TEN Holdings, Inc. (NASDAQ:XHLD) Sees Large Drop in Short Interest

TEN Holdings, Inc. (NASDAQ:XHLD) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 46,484 shares, a drop of 41.2% from the May 14th total of 79,063 shares. Based on an average daily volume of 16,359 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.2% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TEN in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, TEN currently has an average rating of “Sell”.

TEN Trading Down 2.1%

Shares of XHLD stock opened at $1.39 on Wednesday. The company has a fifty day moving average of $1.39. The firm has a market cap of $5.53 million, a price-to-earnings ratio of -0.33 and a beta of 2.42. TEN has a one year low of $1.03 and a one year high of $13.47.

TEN (NASDAQ:XHLD) last announced its quarterly earnings results on Wednesday, March 18th. The company reported ($3.93) EPS for the quarter. The company had revenue of $0.71 million during the quarter. TEN had a negative net margin of 546.18% and a negative return on equity of 466.58%.

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.