Ten-League International Holdings Limited (NASDAQ:TLIH) Short Interest Update

Ten-League International Holdings Limited (NASDAQ:TLIH) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,256 shares, a decline of 70.7% from the July 30th total of 4,292 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 2,234 shares, the short-interest ratio is currently 0.6 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Ten-League International from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Ten-League International Price Performance

NASDAQ:TLIH traded down $0.03 during trading hours on Friday, reaching $5.77. 5,291 shares of the company were exchanged, compared to its average volume of 2,477. The stock has a 50 day simple moving average of $5.42 and a 200 day simple moving average of $4.01. Ten-League International has a 52-week low of $2.20 and a 52-week high of $8.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.56 and a current ratio of 0.87.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ten-League International stock. HRT Financial LP purchased a new stake in shares of Ten-League International Holdings Limited (NASDAQ:TLIH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 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.